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
Further to Wack's comments: I've been investing in junior...
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Last
$1.34 |
Change
-0.030(2.19%) |
Mkt cap ! $3.211B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.34 | $8.675M | 6.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 83628 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 63620 | 4 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |