DGO 0.00% $2.41 dgo gold limited

does anyone know what dgo are up to these days, page-16

  1. 8,788 Posts.
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    Priest - I am not suggesting anything inside. Cast your mind back to the previous MD (can't remember his name), he didn't do anything with the drummond assets. He unsuccessfully tried to get the Maldon mine (from AGS) backed in, but he couldn't do it. So the listed company sat there, as a shell, and nothing happened. Eshuys comes along and buys mgt control, not for drummond assets, but because it's a cheap way to list. And a guy like Eshuys doesn't buy into a (at the time) ~$5m shell for the old unwanted assets. He gets control of a listed shell with projects in mind. It's not inside trading, but equally he's not buying large parcels of stock because he thinks drummond gold assets are undervalued by the market. He's at the start of his directorship, he's buying stock because that's what you do before you start actually doing anything with the projects. I'd put good money, hang on, have put good money on the fact within the next few months a significant project is acquired.
 
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Currently unlisted public company.

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