Just reads to me like the next 2 years is the ideal time to become a developer of a big project... like DEG, due to the Gruyere mine have low strip ration until 2025.
Which I suppose is quite strategic of them. I note that both DEG and GORs share prices seem to be quite stable. A potential sign that some parties view their values as about right for any corporate action.
Must admit, I did not realise that GOR picked up a few tenements that are potentially complimentary to DEG.
I guess at this point, unless DEG finds another suitor, its just about timing and wrangling of the ratios for both companies shareholders.
Ann: Investor Presentation - September 2022, page-2
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Last
$1.80 |
Change
0.038(2.13%) |
Mkt cap ! $1.948B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.81 | $1.79 | $2.136M | 1.188M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 26134 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 43417 | 18 |
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| Last trade - 11.22am 19/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |