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
$1.17 |
Change
0.008(0.64%) |
Mkt cap ! $2.840B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.19 | $1.16 | $1.291M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 123628 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 65201 | 16 |
View Market Depth
| Last trade - 11.43am 09/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |