DES 0.00% 9.4¢ desoto resources limited

Hi flyman,No idea whats happening at DES, and thats probably the...

  1. 6,676 Posts.
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    Hi flyman,

    No idea whats happening at DES, and thats probably the main problem with sp.

    Gee I dont know about euphoria about a takeover :-) I dreaded it.

    The opes prime/ANZ put the finishing touch, effectively poleaxing the rights issue. DES has taken an unexpected turn, and everyone appears to be waiting for the dust to settle. Tax selling maybe,or traders who jumped in at 7 or 8 cents. There was quiet a few shares sold sub 10 so a subdued share price may be with us till news begins to flow. I hope its the ANZ selling, the sooner their out the better I'll feel, but more importantly it would indicate a full takeover less likely.

    On News, Eagle Farm property must only be days away.

    A company update would be nice.

    Oscar






 
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