DML 0.00% 1.9¢ discovery metals limited

I am amazed to see that so many people want to invest in such a...

  1. 201 Posts.
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    I am amazed to see that so many people want to invest in such a badly managed company as Discovery. After wallowing in debt for the past few years they have now arranged a giant $100M credit card and have agreed to pay interest at 5% above market rates and the interest will be capitalised until Sept 2018. By then the credit card debt will be $124M or higher if interest rates go up.
    Unfortunately running a company like this can only end badly.......
 
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Currently unlisted public company.

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