The obvious strategy for Gold Road is to sell its stake in Gruyere for a billion dollars plus and take over DEG. Much bigger resource with much better ongoing exploration success. It would also have a 100% owned larger production.
They could sell half to fund the mine like Gruyere and be way in front.
DGO takeover by Gold Road, page-93
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$1.45 |
Change
0.055(3.96%) |
Mkt cap ! $3.463B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.46 | $1.43 | $15.47M | 10.71M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 28527 | $1.44 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 140416 | 4 |
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| DEG (ASX) Chart |