A shocking deal for all but the large participating shareholders.
Gold and gold stocks are on a tear so there is no need to be issuing new equity at a substantial discount, let alone attaching a potentially valuable option to that 'entitlement'. If they wanted to issue new equity today I reckon they would get killed in the rush at $3.00 but what they are proposing is an issue at as low as $2.50 with an option!
The directors are treating DGO like a private company and they should privatise it. Very disappointing for non-insiders.
So much for fiduciary duty!
- Forums
- ASX - By Stock
- DGO
- Ann: Standby Equity Commitments Received
Ann: Standby Equity Commitments Received, page-12
-
-
- There are more pages in this discussion • 29 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries