Duluth Metals Ltd DULMF

time to back up the bus

[itsalie]

Surely this has got to be the bottom

[PetJ80]

This post has been removed in accordance with Community Policy

[marpincan]

IMO - nothing much will happen with DM till we see the next up leg in the commodities cycle. Anto has put it on ice choosing to focus on expansion projects back home and not being to happy with the lopsided deal that had Anto paying most of the costs. Huge property with lots of reserves but a long way from making a mine about sums it up.

[rationalinvest]

Well, a lot will happen with DM if the next leg up in the commodities cycle doesn't come soon. If DM is unable to raise funds, which seems to me like the most plausible scenario, it will soon be unable to make its interest payments and default. Yes, it's only just 14 cents to zero from here, but that's still a 100% drop.

[marpincan]

definately a possibility that they will default and you can blame Dundas for that as juniors selling interest bearing securities and using cash to buy back shares is unheard of and for good reasons. Looks like management is really quite dumb when it comes to the financial side of things. Anto is playing for Anto and their is a good chance they will end up owning all of DM for very cheap. As a lot

[Nazarbaz]

According to PFS TMM is just an option on higher metal prices and who want to buy it when economically producing mines are on sale! It was stupid of me to stay this long into DM and am finally out.