DEG 3.15% $1.15 de grey mining limited

Ann: General Meeting - Letter to Shareholders, page-18

  1. 3,246 Posts.
    lightbulb Created with Sketch. 1597
    If I remember correctly Simon holds around 13m odd shares and Andy holds around 7m. They have not sold a single share and have been believers all along and deserve full credit for what they have achieved.

    DGO may have their own intentions and motives but fact is they have participated in every single raising since 2017 when they first joined the register at $0.20 during conglomerate hype. The last time they converted ALL options at a premium of $0.30 when the SP was around $0.20 to give the company more cash to drill (and why would anyone dumb enough to do that). They even did a share swap with 3 other companies (I think one of them was Regal Funds?). If they did not have retails interests at heart why did they do that?

    They played a good hand in getting us to where we are like it or not. Their expertise will get us more gold and higher SP in the future.

    If anything blame Bell Potter and Argonaut. They did a sweetheart deal for their clients at $0.28 when SP was $0.33!
 
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