Duluth Metals Ltd DULMF

Strange

[RetiringYoung]

Can someone explain how DM closed yesterday down 50% on heavy volume (5M+) and today skyrockets on takeover news?

If it had closed up 100% yesterday on the same volume, you'd assume a leak. But why DOWN on such heavy volume yesterday, it makes no sense. Sellers yesterday must be pizzed.

[Investing2015]

It's so weird almost like the company told people something bad was happening and people were selling while the ones who really knew bought. Weirdest volume ever before a takeover.

[talladega10]

When you play around with penny mining stocks you can expect anything, it's just like the lottery, a small number of people make money but the majority lose. Today's buyers could wind up losers as this company probably still has some negative surprises to come.

[oceaneleven]

why would today's buyer be losers if they pay below the 45 cent sp set from Anto...........it has all been spelled out.......and what about pleasant surprises like another offer......ANTO really quick to lock & secure WM shares....it takes just one wild rumour on the street to get the party started......see BB for that in past weeks..........disconnect from 96 million to 230 million

[estebancaballo]

Totally agree, O. This resource should be worth far more than $96 m. to the right investor. Just look at the size of the resource. The PM's alone should be worth more than that going forward. All imho.

[las5513]

Oceaneleven there is always an escape clause in an any purchase offer so I would be reluctant to buy at today's prices and if I was long the stock I would sell just in case something goes wrong.