DEG 2.89% $1.43 de grey mining limited

Ann: Mallina Drilling - further strong shallow Gold intersections, page-79

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  1. 209 Posts.
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    @CourtyardDog

    I echo your high regard for DEG management. They are focused and have been good stewards of our limited funds.

    @goldtowin

    When I first started investing in DEG, I too had concerns about what dilution to get plant funding would do to our long term share price prospects. But with KLA, and now DGO taking equity investments, I have tripled my total DEG holding.

    Management's decision to bring in a competing equity investor (DGO) was brilliant.
    With 2 large investors very interested in seeing us fund a plant, our reliance on "Tradition Bank" debt is better negotiated.

    With the KLA connection we can't forget that "Sprott Asset Management" specializes in funding resource projects and have done past deals in the form of equity, royalty or bank loans.

    DEG has been knocking down the roadblocks. One investor likes our Conventional resources, another likes or Conglomerate potential and no one gives our share price the respect it deserves. That is going to change soon - IMO.

    Cheers OZ
 
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