DEG 1.46% $1.39 de grey mining limited

Ann: Underwritten $22M Capital Raising, page-178

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  1. 231 Posts.
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    Price is holding up well today now that they are ex rights. Given a cum rights price of 7.2c, I expected ex rights price of 6.2c. Then again, if you calculate on a pre-announcement price of 9.4c then you'd get a much higher value.
    Also interesting to see DEGRA trade at 1c today. That's a bargain if the SP holds at 6.5c (or even 6.2c) but if it trends towards 5c, DEGRA will head towards all the opportunists bidding at a tenth of a cent. Early days.
 
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