Yes, Caesius "shaden freud" it's all about you! Talk about arrogance, perhaps take a leaf from Plext's book and show some class?
Thanks for reminding us you made a profit from a small parcel. After downrampint at 8c you missed the re-rate, and then reminded us that you had held on to small parcel, and now announce you sold a few days presumably before the market turmoil.. Well done Oracle!!
As I have told you on many ocassions, I'm fine with a contrarian view, but please refrain from the misinformation.
Let's start with the facts:
AJQ were SOLD by DGR at 50c when they IPO'd. Those funds were funnelled back into the factory that produced IRR and future listings. The proceeds also were injected into other subs (typically at valuations far below what they also listed at). The cost base for DGR's investment in AJQ is negligible. DGR has also scored a capital return for shareholders via the failed takeover attempt a few years back at prices almost 3x what DGR reinvested back via CN's and CR's.
If you want bitch about the performance of AJQ, fine but do so on that thread. I'm sure all DGR holders are quite content with their exposure to AJQ via DGR. If anything, AJQ's underperformance (due to a range of factors both external and internal) has advantaged DGR holders. The only sane argument you can make toward it being detrimental to DGR is that if DGR IPO's continue to fail, it will diminish their capacity to spin out future listings.
On that note, I notice no mention of IRR which did list successfully in 2015 (subsequent to AJQ) for 10p for a then MC of $46m AUD. The historical cost to DGR for this holding was $1m AUD at listing.
Last night IRR traded at 22p for a MC of $114m AUD. DGR still own over 24%. I have no idea why you would neglect that in your post or important historical assessment of DGR.
Whilst we are on the subject of history, let's talk about OBS. Floated by DGR as MET in 2008 for $0.20c. After a similar initial failure to SOLG/DHR, OBS refocused on gold Africa and was taken out for $0.713 AUD (a market capitalisation of $139m USD.)
You also seem to have neglected any reference to ANW, set to soon become one of Australia's only Tin producers and with significant expsore to Cobalt.
I love the assessment of SOLG. If you cover the chart with a piece of paper... seriously??? If you don't value BHP's recent $80m AUD investment into the company at a valuation of ~$1.7B AUD and don't see where this is heading god help you.
A question for you, do you think DGR would have any difficulty selling their parcel of SOLG for $200m with one phone call?
They say that history is written by the victors. I wonder in time will NM be revered as some company making GOD?
DGR Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
