DGR 16.7% 1.4¢ dgr global limited

N.Mather Video Pres at Diggers & Dealers on SOLG, page-5

  1. 1,025 Posts.
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    Thanks Sol1
    You have been an objective, careful and insightful contributor here for a long time.
    Your meticulous factual posts led me to add substantially to my DGR holding when the price was under 0.04.
    AJQ carried the DGR price for a long time, along with excitement in the Solomons for SOLG.
    The other daughter companies were embryonic and being heavily diluted. When the Solomons lost favour and when AJQ was no longer subject to a takeover and fracking was banned and even conventional gas exploration was banned at state level things looked bleak. But the Ecuador properties arrived. It was your contributions which gave me a Eureka moment and lead me to accumulate a major holding and gain over 100%.
    The enticing aspect of equity investing is the frequency of under pricing that occurs in markets. Often the true value is under our noses but only a few investors can see it and fewer are willing to risk hard won capital. The main reasons for mispricing are : Most investors have a short term horizon and will take a small profit or even a loss if the sailing is no longer plain. Investors tend to behave as a herd. Markets are manipulated down with BOTs and sales at the close and persistent small sales into bids. Trolls on share forums are able to spook the herd through relentless down ramping especially suggesting they will enter when the price reaches its true value at a much lower price.
    I see the NTA today before tax as 0.29 after allocating value to the subs.
    I believe that SOLGs price has been manipulated down for a long time. This would suit a predator with a long investment horizon. Cascabel contains 15 targets which are all prospective. Once Alpala, Trivino, Acquinaga etc are drilled out Cascabel may become the biggest Cu/Au deposit in the world. There are another 73 regional projects of which a number are likely to contain other Cascabels.
    Majors are back on the acquisition trail as the recent entry of BHP into SOLG and other purchases of juniors by majors indicate.
    If SOLG announces it will fund Cascabel and no takeover battle emerges then short termers will exit and look for another short term adrenaline fix. But they will miss out on a ground floor entry into a virgin major miner which will probably be taken over or revalued to an exponentially higher price. DGR is in the box seat as it can progressively sell down its holding over say ten years generating 115 mill to 1 Billion and manage the tax impost. 115 mill is todays value of our SOLG holding. If SOLG morphs into a major through funding from say Sumitomo which is discussed on the SOLG forum then it will be priced the same as the Pantheon of world class majors. Sumitomo is already in our sub Ironridge. It is linked to Sumitomo Mitsui Banking Corp which is the second biggest bank in Japan.
    What will the market do to DGR? It will likely edge the price up to around 0.14 and continue the misprice until a killer announcement comes in from SOLG. Then the herd will clamour to buy. In the meantime 99% percent of people reading this post will say. I think a substantial discount to NTA is justified because it has always been this way. Some may even post that they are waiting for a retrace to 0.08 before they will buy. In all the time I have posted no poster has agreed with my thesis that DGR should trade above NTA. But several of the DGR directors have. Human investing psychology is an enticing subject to study and very profitable.
 
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Last
1.4¢
Change
0.002(16.7%)
Mkt cap ! $14.61M
Open High Low Value Volume
1.4¢ 1.4¢ 1.4¢ $5K 357.1K

Buyers (Bids)

No. Vol. Price($)
2 954545 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1000000 1
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Last trade - 10.02am 01/11/2024 (20 minute delay) ?
DGR (ASX) Chart
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