DEG de grey mining limited

Ann: Underwritten A$600M Equity Raising, page-11

  1. 608 Posts.
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    Great result?? Talk about low expectations.

    Guess that answers why the share price couldn't get a break no matter what gold did. Was not expecting anywhere near this type of dilution (others obviously knew better).

    With $300m in the bank and supposedly banks willing to fund around $1b why the f*** would we need another $600m to fund a project with a supposed capex of $1.3b (and that includes $162m contingency and growth allowance). Tells me they know all the figures in the DFS are a total load of BS. Feeling totally blindsided and misled here.
 
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