Completely idiotic post from gb girl as always.
GOR has likely lost money in Deg and it has sucked up most of its free cash flow for the last few years ,as such it has been a liability not an asset.
Today DEG has released its scoping study for the expansion of hemi .Guess what ,after the plant is paid off they are going to use the free cash flow to expand further ,so no cash flow from DEG for a generation.
The permits have not been approved so the plant will not be built on time or in budget that is quite obvious.
There is only one person I would trust to build this massive plant on time and in budget and that’s Steven Dean .
He has done it a couple of times .His most recent one is for Artemis and the Blackwater deposit .Its price has doubled since I first mentioned it ,in contrast DEG is down about 30% .What a clunker DEG is.Gor should just bail out and find something better..There is zero prospect for making money on DEG for the foreseeable future.
$2 dollar club, page-406
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