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Bullboard - Stock Discussion Forum Duluth Metals Ltd DULMF

Metals & Mining Industrial Metals & Minerals

Bullboard (GREY:DULMF)

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Comment by mtsuiton Jul 04, 2014 9:14am

RE:Buyout price would be circa $400m

FM share price is up since it agreed ot pay $470mm for Lumina.  It has a smaller resource just at PEA stage and it's in Argentina.  In most respects DM seems more attractive. The key ...more  
201
Discussion
Post by materialsgirlon Jul 04, 2014 8:26am

Buyout price would be circa $400m

At a takeout price of $1 a share the equity cost would be $150m.  Anto is asking for about $230m to compensate then for sunk costs and loans.   Add in transaction costs etc and the final ...more  
280
Discussion
Comment by TheCardinalon Jul 03, 2014 6:24pm

RE:RE:Is this very bad news?

The "ounces in the ground" value of what DM has identified so far makes it worth about $3 a share.  If they were to try to sell it for any less than that, every class-action law firm ...more  
316
Discussion
Comment by estebancaballoon Jul 03, 2014 5:13pm

RE:Is this very bad news?

It is incredible and highly unlikely (impossible?) that DM has not considered the possibility that Anto would not exercise its option. Obviously they could try to float more shares in a private ...more  
271
Discussion
Post by yoda2on Jul 03, 2014 4:53pm

Is this very bad news?

Before this annoucement DM was expected to receive a whopping sum of cash from Anto and then use some of this cash to fund DM's 40% of the large TMM capital costs and to have money to develop the ...more  
294
Discussion
Comment by estebancaballoon Jul 03, 2014 3:01pm

RE:RE:RE:RE:Getting interesting

Considering the size of the deposits this could be the steal of the century for some major (Teck?)....all imho.
262
Discussion
Comment by miningfundion Jul 03, 2014 2:47pm

RE:any info on dial in conference call this am?

I have never heard of an analyst's call not being made available to the public - I assume that DM has the legal right to restrict inside information to analysts, but it certainly is "best ...more  
254
Discussion
Comment by miningfundion Jul 03, 2014 2:33pm

RE:RE:RE:Getting interesting

The standstill is still in force, so Anto cannot buy under prevailing circumstances. But other majors could now be interested since they could now acquire cheap control of DM and therefore control of ...more  
252
Discussion
Comment by DearBear6on Jul 03, 2014 1:18pm

RE:RE:Getting interesting

I thought I read that Anto cannot buyout DM due to some clause or written rule. I have to research it more. Anyone know what I'm talking about?
336
Discussion
Post by yoda2on Jul 03, 2014 1:14pm

any info on dial in conference call this am?

Missed it and the operator said it was not being recorded.
244
Discussion
Comment by estebancaballoon Jul 03, 2014 12:41pm

RE:Getting interesting

What is stopping Anto from buying the shares on the market at the current price??
320
Discussion
Post by redmetalon Jul 03, 2014 11:47am

Getting interesting

I suspect the PFS will be spectacular. The 1x NAV for the additional 25% would have cost Anto big bucks. Will be interesting to see if there becomes a bidding war for Duluths 60%. I suspect everything ...more  
367
Discussion
Post by estebancaballoon Jul 03, 2014 11:37am

conference call

Anyone listen in on the call?
212
Comment by estebancaballoon Jul 03, 2014 11:35am

RE:RE:RE:ANTO...

You could be right but getting the project through the EPA approval stage could be easier if the co is owned by a NA co. At least promoters could argue that it is a NA success story (even if DM is Cdn ...more  
243
Discussion
Comment by marpincanon Jul 03, 2014 11:26am

RE:RE:ANTO...

IMO - It was strictly a financial move on Anto'sd part as they will end up owning most of the deposit and Deluth with no aditional cash outlays. The positive is that this shows they are definately ...more  
253
Discussion
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