Unfortunately couldn't make the meeting today.
Good to see regular news flow for the next two quarters. DEG is certainly more active than most of the explorers in the Pilbara working on three different projects.
I would like to add something to the graph that was displayed on page 8 of the presentation.
I'm really questioning what Novo has done here as it doesn't pass my pub test.
The analysts on tour would have been told on the drilling issues that Novo was experiencing. So perhaps the announcement could have been made sooner or in their previous update.
The drilling update announcement itself wasn't really explained in detail to help minimise SP fallout. Novo could have explained why it wasn't working instead of saying that it didn't work.
I feel a big conglomerate chess game is being played out in the Pilbara.
Lastly with Kirkland Lake listing on the ASX - I believe DEG is now a potential target for a script based takeover by KLA. At the very least it will be high on their list. KLA are 100% believers in the conglomerate story.
Haplo
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- Ann: AGM Presentation - 1.2Moz Gold Resources and growing
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