Ann: Trading Halt , page-3

That explains yesterdays exploration update, to soften the blow and add encouragement to the folks buying into the placement. The trouble is that the added dilution caused by selling shares at rock bottom prices is going to totally destroy any chance of recovery in this stock in the forseeable future. I was certainly hoping they would have had the sense to at least wait up until the feasability study on Turner River gold developments was released. That is a few more months away at the most. If it as positive as all reports so far suggest, it should have significantly boosted the share value of DEG to a point where a placement was at a reasonable value. Indeed, if their JV partner decided to buy the Wingina Well option, the extra funds raised would have meant a placement was not necessary for several years. Instead, this timing is terrible and an indication management if focussed on keeping exploration going regardless of looking after share value.