Freehold, One for FA list next week. DGR: Like to describe themselves as "a resource factory" VERY undervalued. # MC $37m. # Cash $7m. # 30% holding in MET. # 41% holding in ANW. # 29% holding in NVG. # 67% holding in Archer Resources. # 15% holding in LKO. # 12% holding in Solomon Gold ( AIM Listed) # 80% holding in Iron Ridge. # The Elephant in the room...50% holding in Armour Energy (AJQ)listing on April 26th with an MC of $75m. ..... AJQ is the largest shale prospective landholder in NT (31m acres)...A neighbour of our beloved EEG,but a much bigger one. Currently DGR is valued at a discount to the sum of its parts WITHOUT even factoring in its 50% in Armour energy. AJQ listing is worth watching..The market should eventually wake up to the value ,specially if Armour energy is half as successful as other shale players. ... I don't usually post hardcore FA on this forum specially if the technicals are not signalling a short term upside...This one is different. PS . I already hold DGR.
