DML - Discovery Metals

[qldfrog]

http://www.couriermail.com.au/busin...taken-for-800000/story-fnefl294-1226587975172
or how to loose nearly a million...
I will not touch that company with a 2m pole...

 

[notting]

You have just witnessed the fake Chinese fake another walk away!

CHINESE private equity firm Cathay Fortune said it is ready to make a new cash offer for Discovery Metals on condition the Africa-focused copper explorer drops plans to raise equity.

It comes two months after Cathay walked away from an $870 million bid for the Australia-listed company on concerns about its Boseto copper project in Botswana.

The Chinese find that making high ball bids, torturing the process with endless uncertainty, down ramping, offer reducing and so on, till investors have lost all hope then coming back with aggressive cash offers when the stock price has been subsequently destroyed.

 

[rbgmauq]

DML has found support at 0.325. Technical indicators ( MACD, RSI and Stochastic Oscillator) are increasing.

 

[Country Lad]

DML has found support at 0.325. Technical indicators ( MACD, RSI and Stochastic Oscillator) are increasing.

I am not sure we are looking at the same company. I see just about every indicator known to man going in the wrong direction including the ones you mention. I can not see how you can say that there is support, so you will need to give your reasons for that statement.

Cheers
Country Lad

 

[mr. jeff]

I am not sure we are looking at the same company. I see just about every indicator known to man going in the wrong direction including the ones you mention. I can not see how you can say that there is support, so you will need to give your reasons for that statement.

Cheers
Country Lad

Something is happening with DML today. Big volume and up 46%.
There was a please explain after the close, but no answers.
Someone is doing something - maybe taking a stake, maybe heard of takeover plans, who knows.
A 46% jump would put most people about 75% behind at best though, so a long way to go.

It could now become worth monitoring from a technical view - if there is a follow through it could run up to an offer.
Just ringing the bell to let people know - there is no news, but the charts says otherwise!

 

[pavilion103]

Watching this one.

 

[notting]

what 34% in 2 days looks like.

 

[pixel]

what 34% in 2 days looks like.

LOL notting - you've really put it into perspective



But someone may have "discovered" something about them that the rest of us missed: Since August, at least the daily volume has gone up a notch or two. It's not quite the stuff that "Volume Precedes Price" is talking about, but there's definitely some interest there. I'll set an alert for the psychological 10c.

 

[notting]

It's not even overbought yet according to the oscillator!

 

[PinguPingu]

Some big volume last few days to touch past 0.10..just come back to mid 8c..

Is a something a brewing? :cup:

 

[Danny370z]

Is there any more recent news on this?

 

[skc]

RIP DML.

I wonder what actually happened to the supposedly company-saving MOU signed on 9 Feb?

It did provide a very nice opportunity to close some shorts.



One just hope that what we saw in recent trading of MAH and MBN is not the same thing.

 

[lockylamont]

Hi all, was anyone holding shares in this company when the offer from CFC was made in November 2012? I'm interested to talk to anyone who can explain how KPMG valued the company at $1.74??