Duluth Metals Ltd DULMF

White Knight?

[estebancaballo]

Someone making an offer for DM would have to be willing to JV with Anto but that is not such a bad idea given their expertise and money. It would need to be a big player looking at a long term investment....any players like that out there? Sure....quite a few. Will they make a bid? Who knows......

[rocdic]

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[redmetal]

What a disappointment this play turned out to be. A few years ago, shareholders were looking for a $10 buyout. Terrible management. I feel like we were all played by these guys. They were dishonest with the Metallurgical recoveries until the very end and spent shareholders money like drunken sailers. 

[rocdic]

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[mtsuit]

When the circular is released it should include the background on how the price was determined.  It possible that there were other bids.  Perhaps that was ANTO's intention all along, to force DM to sell itself for "fair market value" when that value would be as low as possible.  If there were no other bids then ANTO could have offered a nickel.  But maybe somebody

[stocken]

Here is how I look at it.  Last time we were at 0.45 was on August 18th.  If Anto want to buy it at that time, it probably cost them a loonie.  Since then, total 12 milllion shares traded, the stock priced at $0.07 at yesterday.  Technically, if Anto want to buy DM on Aug, all they need to do is short DM 12 million shares all the way until yesterday, then step up cover the 12

[goldsternp]

Not unreasonable to assume that Anto have been protecting their interests for a while and outcome wasn't too good for those of us who were long term.  Chasing big profits can result in big losses if we are in the way of big players. Bad luck and lesson learned in the mining game