My issue is that big targets are being bandied about when DEG have zero reserves.
It takes a lot of money and time to actually prove them up.
And even then, sometimes the numbers don't match up when the ore goes through the plant (i.e GCY).
Anyway, DEG has a lot of work to do before it can actually get to finishing a DFS.
A shame they did not raise enough cash when the SP was hot to pay for the Indee Gold purchase. They def had the opportunity to do so.
The $9m needed is not massive, but I do think the $3m in shares at 90% of the VWAP at settlement is going to be an issue.
As in, will that overhang of shares continue to push the SP down?
I will continue to watch with interest, as I do think the ground is very prospective, but..... not a whole lot of drilling is actually occurring.
Ann: Retraction of study expansion announcement, page-11
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Last
$1.40 |
Change
0.055(4.10%) |
Mkt cap ! $3.115B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.41 | $1.36 | $9.178M | 6.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 247 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 199327 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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