I think the main attraction for GOR would be that the cash in their bank balance is starting to burn a hole in their pocket. Coupled with their lackluster exploration performance they would feel the pressure to make a move on something and get something to happen. DEG will certainly not be their next tier 1 gold mine, Hemi is way too big for them. After GOR pays for DGO, there will not be a lot of cash left and they'll have to build the bank balance back up.
DGO takeover by Gold Road, page-53
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Last
$1.14 |
Change
0.045(4.11%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.15 | $1.13 | $4.272M | 3.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9142 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 11394 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |