And if I recall the KL options with DEG are for a full year less (2019 expiration) vs KL's Novo Options (2020 expiration) for a staggering 84 Mil.
In my opinion KL's options in Novo are more of a blocking and keep the control in the family longterm investment. Whereas with DEG options provide KL a foot in the door on the next Pilbara Plant (new), free ride on conglomerates and a growing conventional resource. One statement KL made , last November, that I believe is very important to remember. They clearly stated "We are a mining company and we don't think our shareholders want us doing what someone else is doing" ( ie Novo).
What if the KL original motivation for a stake in DEG was for Conventional Mining, to justify a sizable multi-purpose plant and fast tracking the trial mining for Novo/KL(JV).
Of course, I'm only speculating, and it's a fair comment to say, they "simply were staking more conglomerate lands" on the cheap. But doing DEG for this reason after already holding a stake in Novo's 12000 sq/km doesn't seem like a logical - next step.
For only 6.5 M I don't think they really care when they exercise but if it's early (say at DEG's request) and they comply, what would that tell us?
- Forums
- ASX - By Stock
- DEG
- Pilbara Playbook
Pilbara Playbook, page-23
-
-
- There are more pages in this discussion • 113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add DEG (ASX) to my watchlist
|
|||||
Last
$1.23 |
Change
-0.005(0.41%) |
Mkt cap ! $2.935B |
Open | High | Low | Value | Volume |
$1.20 | $1.23 | $1.20 | $4.482M | 3.682M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8887 | $1.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.23 | 60293 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8887 | 1.225 |
7 | 77338 | 1.220 |
6 | 124308 | 1.215 |
3 | 67705 | 1.210 |
2 | 48663 | 1.205 |
Price($) | Vol. | No. |
---|---|---|
1.230 | 60293 | 3 |
1.235 | 60785 | 5 |
1.240 | 174989 | 10 |
1.245 | 156165 | 10 |
1.250 | 568052 | 24 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
DEG (ASX) Chart |