Further to Wack's comments:
I've been investing in junior canadian oil and gold companies for over 25 years. I can tell you that Canadian acquisitor's look specifically for the Arbitrage opportunities DEG currently presents such as the following; a) In US terms our resources in the ground are currently valued around (35 US/oz) - half North American values. 2) Take over targets exhibit a trend of Strategic investments from multiple companies - speaks more toward future upside or control - commanding increasing premiums in financings 3) Are in transition from a Exploration to Exploration and Production - re-rating of reserves to higher value.
I have no doubt that DEG wouldn't exist by now in Canada and I now see smart people like DGO popping up out of nowhere. I think things are about to get very interesting no matter what happens. Try to enjoy it - we are only spectators.
GLTA
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Last
$1.21 |
Change
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Mkt cap ! $2.917B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 115731 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 163535 | 61 |
View Market Depth
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24 | 250780 | 1.205 |
21 | 261803 | 1.200 |
14 | 228904 | 1.195 |
10 | 129643 | 1.190 |
Price($) | Vol. | No. |
---|---|---|
1.215 | 162563 | 62 |
1.220 | 271157 | 20 |
1.225 | 191767 | 17 |
1.230 | 234008 | 18 |
1.235 | 164876 | 9 |
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