Ann: Media Speculation in The Australian newspaper, page-52

Interesting times ahead! Seems worth doing a dive into the major shareholder of both DEG and GOR to establish who the "puppet masters" are who are effectively pulling the strings of their puppets: DEG and GOR

I have found marketindex.com.au a source that seems reliable and regularly updated for this sort of information

Firstly DEG

	Name	Shares	Capital
1	HSBC Custody Nominees (Australia) Limited	707,437,659	29.52%
2	Renaissance Resources Pty Ltd	413,934,740	17.27%
3	Citicorp Nominees Pty Limited	318,925,866	13.31%
4	J P Morgan Nominees Australia Pty Limited	279,960,578	11.68%

The Top 20 Shareholders of DEG hold 83% ofshares on issue

https://www.marketindex.com.au/asx/deg

Secondly GOR

	Name	Shares	Capital
1	Hsbc Custody Nominees (Australia) Limited	404,412,349	37.37%
2	J P Morgan Nominees Australia Pty Limited	135,020,297	12.48%
3	Citicorp Nominees Pty Limited	120,386,622	11.13%

The Top 20 Shareholders of GOR hold 74.21% ofshares on issue.

https://www.marketindex.com.au/asx/gor

What this is telling me is that the same puppet masters are pulling the strings of DEG and GOR

This puts GOR's 17% of DEG (I assume it comes under HSBCs managed shareholdings) in a different light. They may not have the influence that every one thinks. Though assumedly they could take voting rights back from HSBC if desired or apply a great deal of pressure.

Also, I have not tracked down Renaissance Resources. They are a recent arrival on DEG's list

We watch this space with ever increasing interest. But with absolutely no control or influence.