DRM 1.80% 54.5¢ doray minerals limited

Ann: Silver Lake and Doray Merger Presentation, page-35

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  1. 502 Posts.
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    Yes maybe this might turn out OK I'm now neutral - Generally it was a bad day for all miners so not a good day to announce this merger which is typical of DRM -These guys are not finished here with this merger they intend to purchase and grow both have very good exploration potential and the merged group will be a serious player in the Au sector and with Luke Tonkin and Leigh Junk together maybe something special will evolve - They certainly have the cash and I read an announcement that LJ spent a lot of time finding the right suitor in SLR to merge - when I Spoke to him some time ago he was adamant DRM was to become a 2 mine company however at the time I thought it would be an acquisition and not a merger....Hard to see this deal falling over usually a lot of work done behind the scenes to make sure it's bullet proof so joined at the hip we will be 0.47c multiplied by .6772 = DRM closing price

    https://www.miningnews.net/capital-markets/news/1351026/dreadful-day-for-miners

    https://thewest.com.au/business/doray-silver-lake-agree-to-421m-gold-merger-ng-b881020931z

    https://smallcaps.com.au/gold-production-drives-silver-lake-resources-cash-flow-boost/
 
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Currently unlisted public company.

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