My mistake about disclosure. I bought heavily about 2 months ago at about $1.10. I will correct that.
I was referring to an equal 3 way split of 33/33/33 in which DEG do not have to contribute a single cent before pouring their first bar of gold. Alternatively the JV could look like 51DEG/25 Goldfields/GOR 24. With Goldfields paying full price to build the mine, mill, camp.
My point is that DEG management have not the experience to build the mine or mill. They will have to bring in outside knowledge that you cannot get by an ad on SEEK no matter how short the payback is. The ongoing operation and maintenance of the mill needs an experienced company. You cannot just build it, handover and walk away.
I cannot see DEG building this themselves. It will be a JV or an outright TO. The board of DEG have a legal obligation to put shareholder value first.
a song for the weekend, page-203
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Last
$1.16 |
Change
-0.010(0.86%) |
Mkt cap ! $2.768B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.15 | $7.250M | 6.269M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 290781 | 14 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |