Ann: Strong mineralisation intersected in Crow and Aquila, page-274

The large SOI in Degrey, and it's exposure to GDXJ has sucked a lot of the joy, and more importantly, obscene gains factor out of holding DEG for me these last 7-8 months. My time-is-money guideline has also caused me to pull out of the majority of my initial holdings for a modest 40% or so gain on the recent run-up. Not bad, but not obscene either. I need for my accountant to earn her fees trying to sort out what she can get away with re tax-minimisation. I must admit I have a soft-spot for DEG, as it is truly very special in it's scope, but it was a purely business decision. That was the only factor I could control, thus my decision.

DEG is really a special beast, a huge lumbering elephant that I've been running circles around for months. Very time-consuming endeavour to work around the shorter brigade. Of course I'll continue to monitor, but I have many irons in the fire elsewhere that I must prioritise. All the better to come back post MRE, with a possibly even larger than initial involvement. Just not shedding all of my 'cheaper ones' that I've earned.

As for DEG's listing in the GDXJ, this will I would think transition into the GDX, post MRE, so status quo will likely be the order of the day there,with the exception that the shorter brigade will have no choice but to 'go with the flow' re: what I anticipate will be a substantially higher spot gold price at that time. Given such a scenario, post MRE, the SOI would be I would think a lesser or even non-issue. What will the share soak be like then? Thus begs the question, and one of the deliberations I'll in the near future undertake.

Good on those fortunate enough to have been onboard DEG since it's 'penny dreadful' days. You're not wrong to hold on. Maybe cash in a few 1000 shares and have a block party.

Will continue to follow this beautiful discovery of course, just more so in the background.

Take care GP, my rancid friend.



A.I.