DEG 4.10% $1.40 de grey mining limited

Ann: Quarterly Activities Report - December 2018, page-40

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  1. 328 Posts.
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    In fairness - a lot of the increase has been around conglomerate hype, and hype around pending Novo annoucements. I think majority of people are over Novo's ann's right now.

    Indee is providing the bulk of the structural resource at the moment. Without Indee we would currently not have that much, and Indee still isn't paid for. I would imagine, without knowing finer details of contract law, an extension would either incur a fine, a renegotiation of cost, or loss of Indee. The extension the first time around was written into the contract and most could foresee it was always going to be extended as the payment that needed to be made was coming off the total anyway. It wasn't costing us anything to extend.

    What do i think is going to raise price?

    Increased resource/strong PFS/capital injection based off the PFS to take the project to production/strong conglo news. I am fine with the PFS being delayed to include further scope.

    Drill results alone will not help that greatly anymore. And they will get sold into anyway. A lot of people will be taking profit in the 12c-16c range. I think the market has shown that unless your drill results are out of this world crazy at the moment, it doesn't warrant investment.
 
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