Ann: De Grey launches A$125M underwritten institutional placement, page-38

It was completely predictable that there would be another capital raising ,Another 100 million shares to add to the huge number already outstanding .
Pretty obvious that there is zero chance of a buyout as DEG is way too overpriced so they will go it alone .This is quite frankly risking the whole company as huge amounts of money will need to be razed ,all the recommendations by various brokerage companies was designed to push the price up to get the best placement price.
Deg has been a lousy investment over the last year ,the big money has been made ,I am amazed that so many retail investors still believe in Deg .They have an amazing P/R department and exploration department .Whether they are able to raise the cash and build a huge mine successfully over the next 5yrs remains to be seen .They are extremely vulnerable to the POG ,the majors will just be waiting for a mishap and then move in to buy deg for cheap ,highly likely this will happen sometime between now and the initiation of profitable production which is probably 5 yrs away ,not easy to get a mine up and running on this scale with no resources other than selling ever more shares .