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

why would castlepines even get involved

  1. bahar

    7,549 Posts.
    This is doing my head in, we all agree that there is a 50-50 chance that this deal will/will not go through.
    Why on earth Castlepines will get involved in the first place, surely they must have done their homework and are very serious to sign a deal, they are offering $110m over a 12 year investment [ and 33% of the company ] not 50c, the announcement also said that both parties are in favour of the deal, I think DML should have given them 30 not 90 days, that is way too much, but have a feeling that patience will reward share holders this time, so where this will go with a deal sealed....20-30c, that is quite a significant % gain, if not back to 1c, so I bought 3m shares today at 3.3c, I either will turn $99k to $30k at 1c, a loss of $69k or let's be conservative and say this will go to 20c if deal is reached, then my investment will be standing @ $600k, so a loss of $69k or a gain of $501k .....will I have a good night sleep during the next 88 nights, HELL NO, but once again there is that 50% chance that I can reap that reward at the end of it all.....we shall see but CASTLEPINES ARE NOT STUPID, tried to contact them today about the matter but could not discuss the matter at this stage.....12 years from now the price of copper can be twice what it is now and they will be having the last laugh and so will I ......good luck to all share holders and think positive and do not be fooled by the everyday's action.

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.