DEG 0.64% $1.17 de grey mining limited

Ann: Underwritten $22M Capital Raising, page-181

  1. 209 Posts.
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    I'm out until I see what changes the new Board of Directors take. They will also have to do a reverse split in my view and basically start over.

    It's always humbling to lose 50% at any time but it's especially frustrating to lose when you got the gold. In my opinion the people in the "know" know the chances of DEG putting in a plant when the mystical 3 Mozs is attained is remote and definitely not going to happen on the back of a 5 cent share price. Credibility shot and the obstinate, self serving focus to build a plant by themselves is what destroyed this company.

    Imagine for a moment where we could be if we'd sold 50 % of our land for a smaller but adequate plant during the hype. I want to see an immediate path to production and certianly before 3 million ozs.

    If that can't be done, I guess I never should have invested here in the first place.

    Good luck to you remaining holders. I'm hoping to return in 6 months if things improve.
 
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