On a few months, it will have to go out and raise $5-$6m in order to do a PFS ( pre-feasibility study).
I suggest some of the posters ask themselves THE most important question. "Are there likely to be any brokers out there that would be prepared to raise $5- $6m for company whose CEO has
a) been stripped of his executive powers and b) removed the credible Geos that discovered the 1.4b deposit? c) ruined his reputation with the largest shareholder
After the $5m-$6m DMA will need to raise another $10-$12m to do a BFS.
After that DMA will need to raise $1b to build a railway etc
Sharemarket success is all about MANAGEMENT credibility and NOT about which director has shares and which does not. Many older geos spent most of their early years making little money.
If you can't raise lots of money, the share price is likely to go nowhere.
If you small shareholders vote out Levy and Carson you can forget about $1
DMA Price at posting:
29.5¢ Sentiment: None Disclosure: Held
