Ann: Ceasing to be a substantial holder, page-2

Morning all.
I find this a really interesting turn of events.
By memory this is the land that Deg had an earn in with Farno McMahon lease when Karl Dorsch ( father of Alex Dorsch ), had the rights and was mining alluvial gold.
Novo paid $8m for that and that marked the association with Deg while Karl retired.
( Correct me if I am wrong.)
Remember those old rock chips from Deg about the FM ann?




Here is an interpretation of that fold.



What improvements and share value has been created with the Novo ownership of their Pilbara holdings.
This would have to be one of the largest sh wealth destruction examples I have ever seen.
I must add that this is a nice example of a chart that could be ready for take off.
This could be great timing for Deg by the look of that.



On the other hand, gotta take your hat off to deg for a great bottom fishing exercise that hasn't cost them a great deal compared to Novo.
They already know what the potential of the land is?
Well I thought they had given up on it but I was very mistaken.
What are they looking at now?
Inside that red circle ( not a very good circle ), Is the land in Q and has extensions of the shear zone along with some decent historical hits.
And just to the left of that is the Blue Moon ( Within Van Maris ) prospect.



Remember this pic?
Along with that comment by Andy?





I can't remember the original spend requirement that was in the agreement for FM but it was small and over the same time period of 4 years.
This spend agreement is quite a bit more so I assume that they will be getting on with exploration pretty quickly.

Lot's of targets in that land area.

Now for a duel list.
This will be making it a little more difficult for any potential acquirers to chase if there was any attempt to TO Deg.

Congrats to all you long term holders.

Kind regards, Wack.