GOR isn't taking over anyone. Not DGO and certainly not DEG.
This week they barely reached 20% acceptances of their offer for DGO. They need 80% to go unconditional.
Under the Act at 20% GOR is "deemed" to hold a relevant interest in the target DGO, and thereby in the shares held by DGO in DEG. Hence the notices.
As previously mentioned a fall in gold price and sentiment would smash GOR's share price, and doom the offer.
DGO rank and file holders simply aren't interested at the moment. DYOR.
GLTAH!
Ann: Becoming a substantial holder from GOR, page-15
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Last
$1.05 |
Change
0.020(1.95%) |
Mkt cap ! $2.504B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.05 | $1.02 | $6.125M | 5.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 32879 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 44367 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |