1. Most Discussed
  2. Gainers & Losers
DML 1.9¢

Three important things to look forward to and keep in mind

  1. Burnett

    17,098 Posts.
    Other than the obvious being for the deal to be formalised, with a value of approx. 30c/share (now trading at 3.8c)...

    1.) Next few days, we should see a "new" or updated "existing" shareholder notice (WE HAVE TRADED SOME 510 MILLION SHARES !!! over the last 2 1/2 days, which represents approx. 80% of the shares on issue) - which will hopefully give some clues and confidence if someone is taking a position that this deal is looking better than 50/50...

    2.) Investor Roadshow - to be scheduled in the next few weeks I believe, which will increase DML's profile in the insto/broker community and the large volume buying to follow thereafter

    3.) who are these other interested alternative parties who have requested DD information from DML and who is to say, that Cupric don't make another play and try to better this current $110 million deal.

    Saw the same thing happen with Billabong when it looked dead for all money with dangerously high debt levels and then once a deal was confirmed, they all came from everywhere to make a bid, which also required the involvement of the shareholder's association to deem the 1st offer being too low - it was on for young and old with Oaktree Centrebridge finally winning and I should know as I was holding in that 12c - 71c range back in mid 2013)

    yes different companies and different industries, but similiar principles when it came to bidding for the business or its assets...

    Buyers to Sellers mkt depth looking a lot better than yesterday afternoon when it was 1:2 ratio.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.