Iiiiiiiinteresting.
A $5m investment from a $9.5m market cap explorer that needs to do their own capital raising specifically for this transaction. At a premium to market.
Not normal to see a company 1/5th the size make a "strategic" investment in a bigger company.
Not a normal transaction. The motivation for DGO to raise their own capital to pay overs for part of DEG isn't clear.
Is it purely that they believe in the ground and are acting as a fund manager for their shareholders, identifying investment targets?
Are we starting to see some juniors banding together to survive takeovers?
What does DEG have, that DGO suspects or knows about, that they were willing to buy above the market and accept out of the money options?
Iiiiiiiinteresting.
Also, Top Drill opting to be paid partly in shares? What do they know? Surely it would be insider trading if they had seen some nuggets coming out of the ground etc.
Still, no complaints here. Always happy for the people on the ground to be invested as well.
Ann: $6.0M Capital Raising to accelerate Exploration programs, page-24
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Last
$1.43 |
Change
0.045(3.25%) |
Mkt cap ! $3.427B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.44 | $1.40 | $11.15M | 7.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 190958 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 83333 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |