I doubt it was DEG. There would have been a lot of people in the know about the discussions.
From here though if GOR can find $800k or a $billion they could form a 50/50 merger with Goldfields and buy DEG. Within 5 years that total merge could be producing 800koz a year. If you were going to put in $1 billion for 40% of 500koz in Canada then put that into a 50% ownership of a 500koz in Australia. If Goldfields kicked in $1.5 billion then together with GOR's extra $1 billion they could buy the remaining 80%. DEG are currently valued at about $2.5 billion so the combined $2.5 billion (GOR plus Goldfields) should be enough to get the 80% extra.
GOR Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
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