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Duluth Metals Ltd DULMF

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GREY:DULMF - Post by User

Duluth Metals Ltd > Worse case for DM shareholders
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Comment by marpincanon Aug 22, 2014 5:22pm
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Post# 22870782

RE:RE:Worse case for DM shareholders

RE:RE:Worse case for DM shareholders
Anto has sunk 220 million into the project and also DM has an outstanding loan from Anto of I think 10 million. Since DM has no money to pay Anto back and Buy Anto out of what they have spent, you have 230 million that gets converted into shares at (based on current trading) around 30 cents. This I see as worse case for the DM shareholder.
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