DGR seems to be a great way to get into multiple stocks, not least of which is Mt Isa Metals (MET). See their announcement yesterday re the gold in Burkina Faso, and the resulting buy-side build up for DGR and the price jump in DGR.
DGR has Nick Mathers as one of its founders - of Arrow Energy fame. And I gather he is quietly sinking a lot of moolah into this. The company is not only a gold exploration company but also a holding company for multiple other resource companies. They hold, for example, 50 million shares, or 48.1%, of Mt Isa Metals.
Check out the website at:
http://www.daguilar.com.au/index.html
The company is also into molybdenum (much sought after), nickel, cobalt, iron ore, and uranium.
They have a lot of bases covered, and would be a good way to hold interests in diversified resources.
And the best bit - the shares are only 4.6 cents each, so one could buy a lot of them and just sit them in the drawer to stew for a few years.
Disclaimer: I hold DGR. Usual DYOR etc.
MET Price at posting:
15.5¢ Sentiment: LT Buy Disclosure: Held
