DEG 0.80% $1.24 de grey mining limited

Thanks Ezrida.I guess the scary thing for me is how they can so...

  1. 1,268 Posts.
    lightbulb Created with Sketch. 961
    Thanks Ezrida.
    I guess the scary thing for me is how they can so easily use "Call and Put" options to avoid continuous disclosure, so could easily stalk another 10-15% of DEG via a sneaky partner like CS via gradual acquisition before laying down their hand and making a T/O bid to grab the rest of the shares from a position of significant advantage, without triggering a T/O bid at 20% holding beforehand.

    Seems this is a legal loophole to avoid the normal provisions of disclosure, but hopefully, like the shorters, there will be enough re-evaluation of the SP of DEG following more discovery or the upcoming Feasibility Study to burn someone like CS in the process, rather than retail holders. At present, having Ed and Bruce on the board is a significant problem, because both now work for Gold Road so their internal knowledge of the progress on both discovery and FS results puts Gold Road at a very significant advantage over everyone else in this cat and mouse stage of overall valuation of DEG. I'm very keen to ride DEG to the next level given there are still potentially multiples to be made on the current SP, but this wont happen if Gold Road force another script for script takeover like they did with DGO.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.24
Change
-0.010(0.80%)
Mkt cap ! $2.286B
Open High Low Value Volume
$1.25 $1.26 $1.24 $3.334M 2.676M

Buyers (Bids)

No. Vol. Price($)
7 108705 $1.24
 

Sellers (Offers)

Price($) Vol. No.
$1.24 20490 2
View Market Depth
Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
$1.24
  Change
-0.010 ( 0.44 %)
Open High Low Volume
$1.25 $1.26 $1.24 820175
Last updated 15.59pm 06/05/2024 ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.