Duluth Metals Ltd DULMF

RE:RE:RE:Why DM should be looking real good to Anto!

[yoda2]

rational:

Thank you for the perspective.  I agree with you that there is value in DM.
But I am concerned still that managment's actions have increased the riskiness of the investment by overspending on a seemingly bloated management cadre and that never ending exploration on the 100% lands.
And while Anto refusal to participate in the private placement has a very small effect on Anto % ownership, not participating seems to be a way of sending a message to DM. Cut the grand schemes for now and keep your money to move the TMM forward.  Combined, the low issue price and the likely need for another share issue before the BFS, seems to indicate that both the investment community and Anto have lost confidence in DM's management.  Present DM shareholders have/could materially suffer if DM has overspent the funds it should have held in reserve to finance its proportionate share of TMM project costs and/or if further significant low priced share dilution is needed to obtain the required funds.

And no one would likely wish to acquire/rescue DM because of the powerful position of Anto. So an increasinglly weak DM becomes dependent on the largesse of Anto.  

No one knows what will happen but DM's share price is saying something. And it is not positive. It seems the actions of DM management has lessened DM's bargaining position with ANto and in so doing has wiped out a large portion of the Value previously belonging to DM shareholders.  And yet management seems to continue without punishment and without the large shift in strategy needed to restore DM.