Duluth Metals Ltd DULMF

Management versus a miracle

[materialsgirl]

Many of you are attaching too much importance to what a management team can do.  Management has no influence over the broad macro market, no influence over commodity prices, no influence over the geology and no influence over what Anto decides.

What will managment do now?   It is not as if they have a wide palette of options.   All they can do is scramble and explore and try to implement some way to raise capital.  The head winds are very strong.   Debt may be impossible without at least a 15% coupon which would create a new dilemma in a few years.  With $30m market cap DM would need 100% share dilution to raise enough short term money and much more later.

Here is the thing.  A new management team would accomplish little in my opinion.  What is needed is a miracle worker.  Without that it is best to stick with the current people.

What would I do?   My suggestion would be to create a new company that owns the properties outright.  Anto might get 60% of the shares in return for putting $15m into the treasury.  Then try to sell the company outright or look for a new joint venture partner.  This arrangement would be more attractive as the title would be clean.  Odds would be against it but it just might work.

Just my viewpoint

mat

[ramblersrest]

Mat ....Here is the thing ...You are BSing :-) .......

[Connsm]

We all need to take a look at what's really happening in northern Minnesota when it comes to mining. We are getting announcements of new mining locations and discoveries all the time. If we only focus on one mining company instead of the trend that is going right in front of our eyes we all will miss the opportunities of a life time. (You can't see the forest threw the trees) syndrome.

[Connsm]

PGM resource estimate confirms the project to be one of the largest palladium and platinum resources outside of South Africa Polymet is the only mining company in Minnesota who can be permitted to process these minerals. This is a good position for stock holders. Duluth Metals Limited announced that Twin Metals Minnesota LLC (TMM) has received a draft NI 43-101 Technical Report on the

[Connsm]

 Follow the money Polymet is the only mining company in Minnesota who can be permitted to process these minerals. This is a good position for stock holders.   Duluth Metals Limited announced that Twin Metals Minnesota LLC (TMM) has received a draft NI 43-101 Technical Report on the consolidated mineral resources for the Twin Metals Minnesota Project in Northeastern Minnesota

[Connsm]

Looking at the pass events can show us why we invested! Mining firm says land is a gold, copper 'juggernaut' Article by: JOSEPHINE MARCOTTY , Star Tribune Updated: December 4, 2012 - 11:57 PM   The company that controls mining rights to 32,000 acres on the doorstep of the Boundary Waters Canoe Area said Tuesday that the land contains 19 percent more copper, gold and

[ramblersrest]

Holy Mackeral there Andy -----This is like the Tar Sands for metals ......Huge resource beyond belief , expensive to develop and environmental concerns which will be stick handled around to get the essential materials .....Given the political situations with SA and Russia then a new source in the West for PGE's is here ....

[PetJ80]

This post has been removed in accordance with Community Policy

[miningfundi]

The problem is that management drank the Kool-Aid and is probably still drinking it. What would I do (based on my assumption that DM will not find a rescuer)? I would approach Anto and the debenture holders now for an arrangement that would give Anto 100% of TMM, the debenture holders a few cents in the dollar, and leave DM debt-free with a small amount of cash and the exploration properties