DEG 0.36% $1.39 de grey mining limited

Ann: De Grey to Assess Development Opportunities at Turner River, page-4

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  1. 1,272 Posts.
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    I'm amazed that there hasn't been some buying given that they have finally got someone on the board who might be able to translate the gold assets into a mining operation if there is a sensible approach taken. i.e. experienced mining crew, cheap 2nd hand CIP plant etc. But I guess and but would see a doubling in SP (there is no alternative) with subsequent risk of 50% loss if it falls back to 0.1c again. Their overall assets are worth over 1c per share but as the only way to raise funds is through dilution, and the assets are really only worth something if there is a path to production, DEG are somewhat stuck, along with their long suffering shareholders.
 
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