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27/10/15
17:05
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Originally posted by PabloP
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DDZX- share price has been wallowing around this price for quite some time....... no cap raising at a big discount to market - this scenario is rife in the mining sector at the moment.
So in summary, compared to others, minimal dilution and not a massive discount to market price. Probably closest to the best outcome of the possible scenarios. Especially if they are then fully funded through the BFS, PFS etc.
In relation to the takeover - you now have two companies with interesting stakes in the company. Hard to see one dropping off if the other makes a play.
In the end - no funding issues to contend with (assuming it becomes binding and executed), relative minimal dilution (compared to other potential options), an extra player at the table to prevent opportunistic takeovers (IMHO), small discount to market for shares.
IMHO best outcome for existing shareholders.
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the last balance sheet has $110,947,934 in exploration and evaluation expenditure and they are spending another $19M to finish the BFS and a PFS for another deposit
never ending