DGO is a blocking stake preventing takeover. Their corporate strategy, published on their website, is for 5moz of discoveries at a price target of A$200. However if DEG was worth more than that they would be idiots to sell out early. The beauty of DGO is they are not a big outfit themselves so it would be difficult for them to justify raising the finance to take over DEG.
Ann: Appendix 2A and Cleansing Statement, page-3
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Last
$1.39 |
Change
0.045(3.36%) |
Mkt cap ! $3.319B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.41 | $1.35 | $14.07M | 10.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55057 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 6000 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |