Duluth Metals Ltd DULMF

DM is extremely fortunate to get this deal

[CashIsKing16]

I think Anto over paid. They could have really squeezed DM's b*lls.

In a way not that surprising considering how they screwed up and wasted a lot of money on DM's property.

Guess who the big winners are (other than those who bought at 7 cents or 15 cents in the past few weeks)?

[oceaneleven]

I think Anto put the company up for sale at 45 cents.....Any interested mining companies such as Glencore, TECK, RIO etc. can have a look.........Nov 3 (Reuters) - Antofagasta Plc : * Acquisition of Duluth Metals Limited * Announces that its wholly owned subsidiary, Antofagasta, has entered today into a binding letter agreement to acquire all of issued and outstanding common shares of Duluth

[oceaneleven]

96 million for a massive low grade copper deposit with many many perks(PPM'S).........

[oceaneleven]

Analyst and Investor Conference Call A conference call with senior management of Duluth Metals for the investment community has been scheduled forMonday November 3, 2014 at 11:00 a.m. EST.  Christopher Dundas, Executive Chairman, and Kelly Osborne, President and CEO, will be available to answer questions during the call.  To participate in the call, please dial-in

[motherearth]

This post has been removed in accordance with Community Policy

[CashIsKing16]

Why is it interesting for WG? DM has 136.8 million shares OS and 160.5 million shares fully diluted. I am not sure what options and warrants DM has outstanding so I will just use their OS #. 136.8 million shares x $0.45 = $61.56 million mkt cap. Not sure what cash or liabilities they have so no consideration for enterprise value. Have you read their recently released prefease? IMO, it's

[oceaneleven]

WM just got cashed up.......T.DM| 1 hour ago TORONTO, Nov. 3, 2014 /CNW/ - Antofagasta Investment Company Limited ("Antofagasta"), a wholly-owned subsidiary of Antofagasta PLC announced today that it has agreed to acquire 5,075,061 common shares ("Duluth Shares") of Duluth Metals Limited (TSX: DM, "Duluth") on November 10, 2014 from Wallbridge Mining

[oceaneleven]

They(Anto) were quick to lock up the WM shares........Maybe they anticipate a better offer from another player.......Not too long ago Duluth Metals had the opportunity to buy back the project for 230 million....and then Anto turns around and offers to acquire o/s shares for 96 million...... Pursuant to the terms of the Acquisition Agreement, subject to regulatory approval, Antofagasta 

[arthur1044]

Sweet deal for Antofagasta because they can afford to sit on the site as the regulatory process plays out,  PLM is leading the way  and doing most of the heavy lifting in securing regulatory approval.  Once done, there will be a  relatviely fixred regulatory bench mark .  I am bummed as I only built up 53k shares for an average short term gain of 150% at todays price.