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DML - Discovery Metals

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You have just witnessed the fake Chinese fake another walk away!


The Chinese find that making high ball bids, torturing the process with endless uncertainty, down ramping, offer reducing and so on, till investors have lost all hope then coming back with aggressive cash offers when the stock price has been subsequently destroyed.
 
DML has found support at 0.325. Technical indicators ( MACD, RSI and Stochastic Oscillator) are increasing.
 
rbgmauq said:
DML has found support at 0.325. Technical indicators ( MACD, RSI and Stochastic Oscillator) are increasing.
Click to expand...

I am not sure we are looking at the same company. I see just about every indicator known to man going in the wrong direction including the ones you mention. I can not see how you can say that there is support, so you will need to give your reasons for that statement.

Cheers
Country Lad
 

Something is happening with DML today. Big volume and up 46%.
There was a please explain after the close, but no answers.
Someone is doing something - maybe taking a stake, maybe heard of takeover plans, who knows.
A 46% jump would put most people about 75% behind at best though, so a long way to go.

It could now become worth monitoring from a technical view - if there is a follow through it could run up to an offer.
Just ringing the bell to let people know - there is no news, but the charts says otherwise!
 
notting said:
what 34% in 2 days looks like.
Click to expand...

LOL notting - you've really put it into perspective



But someone may have "discovered" something about them that the rest of us missed: Since August, at least the daily volume has gone up a notch or two. It's not quite the stuff that "Volume Precedes Price" is talking about, but there's definitely some interest there. I'll set an alert for the psychological 10c.
 
Some big volume last few days to touch past 0.10..just come back to mid 8c..

Is a something a brewing? :cup:
 
RIP DML.

I wonder what actually happened to the supposedly company-saving MOU signed on 9 Feb?

It did provide a very nice opportunity to close some shorts.



One just hope that what we saw in recent trading of MAH and MBN is not the same thing.
 
Hi all, was anyone holding shares in this company when the offer from CFC was made in November 2012? I'm interested to talk to anyone who can explain how KPMG valued the company at $1.74??
 
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