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clock Created with Sketch. 22/08/24
10:18
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Originally posted by Arh0070:
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It should be pretty obvious to GOR management that DEG is going it alone and that there is zero chance of a takeover.It is also apparent that DEG is not going to return cash flow to GOR anytime within the next 5 years minimum .it is likely as the permits to build the mine are not approved and DEG is burning through cash at 10 million a month doing unnecessary drilling on its property and Novo property as well as potentially spending 30 million plus on Ashburton.Thus it seems likely that yet another capital raise will be necessary in a couple of years.
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GOR should merge with RRL and then drill the crap out of Duketon.
(20min delay)