DEG need to raise at least $1 billion to build the mine. GOR have $150 million in the bank, $50 million each half year in free cash flow and an unused line of credit. GOR also have tenements alongside DEG in the Pilbara. Taking into account the current small difference in market cap and potential of DEG then a merger of equals with GOR stumping up their cash flow to raise the building loan makes sense.
The other alternative is for GOR to bring Goldfields to the table as well. Having goldfields build the mine as neither DEG or GOR are mine constructors.. Something like a 50/30/20 split of the new company.
AFR - Investors dig around Gold Road, De Grey merger, page-2
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Last
$1.01 |
Change
-0.020(1.94%) |
Mkt cap ! $2.420B | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.01 | 98.5¢ | $9.028M | 9.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 230962 | 6 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.01 |
Change
-0.020 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| $1.01 | $1.01 | 98.8¢ | 1779417 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| DEG (ASX) Chart |