One possible scenario we ave seen over recent days is a perfect storm for the sell off in dml. By that I mean a sub holder selling out, a lack of confidence in Blumonnt and the deal done all conspiring with market fear and margin calls to decimate the sp.
Prior to the deal we were at 12c odd and now we are at 6c with Blumont confirming thru the media that they will proceed with the deal, a spp at 12c, confirmation from the company that they are unaware of price sensitive info and confirmation that Blackrock have still been selling.
I think the selling has been overdone so maybe we can start to move up again if Blackrock ease up on the sell side.
DML Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
