DMN 0.00% 0.1¢ datamotion asia pacific limited

10million dumped at 0.002, page-25

  1. sjl
    804 Posts.
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    I find it hard to believe that the company would deliberately spend money on the gravity survey (and now the drilling) without having at least a reasonable basis for believing that there's something worthwhile down there. I also find it extremely hard to believe that they would deliberately mislead the general public about the drilling - there are criminal penalties for that sort of activity. Yes, those last two sentences are directed at williamcfd's latest. They've said, in a formal announcement to the stock exchange, that drilling has commenced. I am willing to bet a very large sum of money that drilling has, indeed, commenced, against anybody who dares to bet that it hasn't. The alternative is that they have deliberately misled the investing public - and no sane director would even so much as think of doing so; the penalties are too high.

    So, williamcfd: put up or shut up: what evidence do you have that the directors of both DMN and ORO have knowingly, wilfully, and deliberately misled the trading public? Because that is exactly what your statement says.

    That said, it has to be acknowledged that there are no certainties in this game. As I've said before: if it were certain that there's something worthwhile down there, the share price would reflect that far better than it does. There's definitely something down there. Dirt, at the very least. (Sorry. Couldn't resist.) But we don't know what, we don't know what it's worth, and we don't know how much it'll cost to dig out.

    They're not likely to put out a speculative announcement ("we believe we've found ...") - that's asking for legal trouble. Far more likely is that the samples get sent to the lab, the lab performs the necessary due diligence, they go into a trading halt, and they then put out the lab report in an announcement at the end of a trading day (to give interested parties time to digest it before trading starts the next day.)

    If I seriously believed that there was nothing worthwhile down there, I'd sell right now and take the hit. I'm not going to do that. But I'm at least willing to acknowledge that it is a possibility.
 
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