Duluth Metals Ltd DULMF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Worse case for DM shareholders

[rationalinvest]

Enterprise value is $80MM, don't forget the $ 30MM 7.5% debentures. 

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And yes, management will definately not exercise the buy-back option. That's why the post-Anto-option-drop conference call was so annoying, even seemingly contemplating this. And of course the latest conference call, or let us call it conference charade.

And I know why: Dundas somehow really seems to think shareholders and other DM followers are all 70 IQ monkeys. Two examples:

• Earlier presentation: "Only industry knows how to value a world class deposit" (basically implying the stock market is stupid)
• May 2014 PR "Duluth Metals highlights TMM Nickel Position" (hello market, you're still being stupid)

Well guess what Dundas, the monkeys were right all along. They will also see through the few $K insider purchases, not significant vs salary. Management must really be desperate now..