DML 0.00% 1.9¢ discovery metals limited

Okies I have called the administrators and they have agreed that...

  1. 518 Posts.
    Okies I have called the administrators and they have agreed that currently DML ows $US 105 mill and castlepine has not proceeded with memorandum and cupric canyon is the only contender bidding for it. After its bid it is very unlikely that it will cover up owed $us 105 mill and hence the shareholders wont receive anything. They shall be lodging a notice next month and only option now is to claim capital loss. If possible. Also they added it is very unlikely that anyone else will come and bid for it by next week when creditors decide to liquidate the assets.
 
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Currently unlisted public company.

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