CAPITAL MARKETS

DMC massively undervalued: Ambrian

LONDON-based brokers Ambrian Partners has initiated coverage of takeover target DMC Mining, giving the company a buy recommendation with a target price of A94c per share - well above the takeover offer from major shareholder Cape Lambert Resources.

Kristie Batten
DMC massively undervalued: Ambrian

Cape Lambert’s original offer of 40c per share was upped on Friday to 46c per share to match a proposed offer from a third party. Ambrian recently visited DMC’s 80%-owned Mayoko iron ore project in the...

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