DRA 0.00% $1.96 dra global limited

Mr Poon, Pak and Ip want your shares for 0.35 A$ ?, page-16

  1. 312 Posts.
    lightbulb Created with Sketch. 2
    Miningnut:
    "You are living in fairyland if you expect them to reveal all their future plans. If it hasn't received official Board approval in the Minutes then they're under no obligation to tell shareholders."

    -So you are suggesting that there are secret plans to increase Svartliden capacity and merger Dragon with Tanami.  
    - The current plan sucks and appears not to be profitable, but Dragon and Allied is going to fix it with friends in Hong Kong.
    This may be a conspiracy(?): Allied cheat others to sell cheap to its rich friends, and then it will show the real business.
    - If it would be true, then why waste time talking the share price up, when you could be buying cheap.
    I really wonder who is living in fairyland, or telling fairy tales..

    - If Svartliden capacity would be increased, it would require further investments. The ore would be consumed in 2 years and then it would get to slower underground mining.
    -If there is something good in Tanami Australia, there is no point to merger it with risks in Finland or Sweden
    -There is possibly another type of secret plan by Allied:
    -Sell shares, take the money and run.
    And leave the new owners to pay short term loan with high penalty interest after October 2019.
    The dead line was elongated to October 2019 as indicated 5 June 2018 release. It would be important to know what is the "additional interest rate due to defaults in repayments",
    see page 269. c)
    http://www.hkexnews.hk/app/sehk/2018/2018052305/a15436/EDM-20180523-21.PDF

    To correct the fact by philc57 and mininnut:  Dragon cannot appeal Orivesi to Supreme administrative court but it need to apply permit for that. If permit (leave) would not be granted, which may happen in a few months, then mine will be closed. If the leave will be granted, then appeal would take years.
    https://hotcopper.com.au/threads/effect-of-orivesi-to-dragon.4246576/
 
watchlist Created with Sketch. Add DRA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.