OTCQX:DMMIF - Post by User
Post by
Twoscompanyon Oct 15, 2019 9:01am
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Post# 30230745
What you see and what you dont....
What you see and what you dont....Bear in mind we are close to finishing an open tender process which is effectivley selling our company, there are many stories painting a rosey picture which is nice to read and hear. The reality is somewhat different as can be seen by each quarters numbers.
But unfortunately the devil is in the detail. All major interested parties will do a heavy DD. If they cant wrap their heads around the data, then expect their offer to be highly conditional which means we are vulnerable if we follow there interest.
The problem I see is the type that many want to be our saviour will not pay up. The data at present doesnt allow for it. The resource is modelled as a Polygonal resource model at Dynasty.
Zaruma has been written down by our company to zero and is underwater.
Copper Duke is pure greenfields.
So it will take entrepreneurial flair and a much larger than average risk taking profile from a company backed by those types to give us what we want. That doesnt come from a major or a Chinaman.