DEG 0.36% $1.39 de grey mining limited

Ann: Investor Presentation - Hemi Dicovery Mallina Gold Province, page-98

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  1. 1,554 Posts.
    lightbulb Created with Sketch. 992
    That is true but if you have a look at how the events unfolded it was the traders who started the frenzy on Thursday.
    Someone said Credit Suisse bought 6m @ 16.6c
    that would have been 4-5 days after the news.

    40-50m hits at 5-6gpt with a GP @$2350 by a company with 1.7m oz already and just completed a major drilling program

    There shouldnt have been a sell order under 10c yet alone allow 20 percent of the register turned over in 1 day below it.
    Even on the next day after 200m shares traded guys were talking of a pull back.

    Blind Freddy should have been able to see how this was going to go.







 
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