Quick note:
Thing is - DEG Management want to turn over 100K ounces of gold per annually.
Because as Simon Lill did say It's the magic number that makes people/funds stand up and listen.
I have done OK out of DEG in the past. I was a long term holder and probably got lucky due to the Conglomerate Hype, however, I'm not convinced ATM - from a investor point of view that is.
Not saying that they don't have awesome ground! - They certainly do!
Look at Towarrnna for instance - they had been talking it up, like they once did the Blue Moon
however the Toweranna results kind of stopped at the 400-600m mark. Got thin - see below
Apparently they needed 800m deep of thick results to make this thing come together, and state it would be the first mine-able resource. - pigs bum!
Look again at the results with your open minded Budda eye!
https://degreymining.com.au/wp-content/uploads/2016/07/20191003-DEG-ASX-Toweranna-Results-Update-lodgement.pdfSeems to me it thins out under 400m to a disappointing level.
I can not recall this being discussed on this forum - seems you all thought it was all good but there must be further results to come? - go ahead read your own posts.
But Toweranna did not happen, so to divert investor attention they decided to focus on "Malina" - which seemed to work well - the next big thing!
I'm wondering If Malina is no good, are they going to start to spruik Scooby Do! - its got a good name!
Mean while we all talk up the good ground and the potential but the share's we hold go down in price.
Maybe it can all be fixed with a capital raise???
That will fix it, because it will get us to our goal of 3m of gold!!!
But hang on now, we have 3m gold- how will we fund the set up of the mine???
Hmmm!
What is the next fix?
Seems to me the management need to take a "chill pill" and "lower there expectations" as they are working an unknown area - if they lower there expectations they could start making some money! IMO!
- for example
If they built a smaller mine - say beside the Towwarranna deposit - which is still very good to 400m and especially good if they employ a ore sorter - right
@WackSet up lower cost mine - but then what happens - like BCN is doing, you are bringing in some serious coin on a quarterly basis, your investors share's start going up and then you have some serious money to further explore a magnificent area that is full of gold. (we hope - but also expect right now - right)
Seriously within a year you have found the BIG thing that Simon/DEG/ED/DGO is going for right now.
But they would have the money to pay for it!
(20min delay)