redmetal and newminer, I have seen both scenarios play out in the past. After news like this sometimes the SP goes up a lot over two days and then starts petering out a bit but I have also seen the main rise on day 1 and then a drop back on day 2 before. Either was on the cards.
Redmetal, I have MCC shares also although not many and I hope the same scenario doesn't play out here.
The massive SP rise and then the massive plummet when the take over didn't happen.
Think the worst that could happen with DML is that a floor price of around $15 is set. Difference between MCC and DML is of course that DML is an explorer and therefore market sees as having a lot more potential upside, whilst MCC is an established quality producer.
A lot of exposure to now that such a large quality company is interested in buying.
My own thoughts only of course
give me a ticket for an aeroplane, page-15
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