Duluth Metals Ltd DULMF

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

[yoda2]

rational:  thank you for sharing your knowledge.  I like TMM and investing in DM seems to be the only way of being part of it.
Your comments/info are helpful and somewhat comforting.
I still remain concerned about whether DM management has done enough to protect shareholder value.  After all they may have been the cause of a greater than a $250 million loss to investors in DM market value (more than 70%) in the past year.  
After reading your note I went back to the DM website. Some of the info indicated DM was taking actions to conserve funds. However, it appeared that they may not be serious about protecting shareholders.For example the Mar 21 Annual Information form seems to clearly indicate that new equity financings will be required and are being planned for. And yet the April 2014 presentation states DM is "well financed" and has absolutely no other mention of the financial situation in the whole presentation.  It seems the only way DM can/will be financed is by raising new equity financing.
So the question that jumps up is: does managment care about the interests of its shareholders?  Concern for shareholder interests versus those of the "in control" managers is heightened by the apparent deviation by DM from the generally accepted standard for good corporate governance practices. Is DM's choice to combine the positions of Chairman of the board of directors with that of CEO interfering with the normal checks and balances of ensuring that management is constrained by the challenging sober second thoughts of an independent board of directors?   Would a more independent board of directors have prevented the current financial weakness and investor losses?   Would such a board force more drastic cutbacks now to preserve needed capital and avoid further significant shareholder dilution.
I am still optimistic, but.