Guys (and Gals)
I suppose no point people having a go at eachother I suppose everybody can have a say.
My pessimistic view coming is from being burnt by Pasminco 10 years and and Copper Co 5 years ago. each time I recovered only to get DML doing it to me again. Thats a bit personal and irrational I know. Fear is a strong emotion.
So how do we value DML? Simply by the books its worth nothing as debt exceeds realisable quick assets. I know it has a resource but how much? what future potential? and costs of getting that resource out of the ground and selling it and of course the spot copper price. The one thing perhapos saving us is that a change in accounting standards some years ago only allows tax losses to be transferred to new owners if the current ACN is kept. That has to be worth a few cents.
I hand over to those that know more about this than me.
Thank you
Baron
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