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DEG

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1.62%

$1.06 de grey mining limited

Ann: Becoming a substantial holder, page-7

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McHale

1,724 Posts.

2080

22/08/19

13:04

Post #: 40096546
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Originally posted by Fish3 ↑

Just another thought in this space, is that it is going to get interesting with respect to the top shareholders after the CR and Indee settlement beds down. As Northwest Nonferrous Australia Mining Pty Ltd (i.e. the Chinese owners of Indee) are about to be issued with $3mill in shares at a 10% discount to the 20 day VWAP before settlement, they will end up with around 60 million shares and that may place them as the second top shareholder in DEG depending on whether KL decided to participate in the CR, or if it beats Regal Fund Managements new entry with 56k shares.

We still don't know what KL has done in this space, as it seems a notice of change in holding is somewhat overdue from them. Presumably that will pop up in the next few days. And the brokers presumably are still holding a significant amount of shares, which is around 148mill minus Regals 56mill. Who knows what will happen with them! Will certainly be interesting days in the boardroom for awhile, with at least four significant voting blocks.

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Don't know about KLA, but it looks like DGO have been buying, see below from todays *:

DEG Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.06		Change -0.018(1.62%)		Mkt cap ! $2.588B

Open	High	Low	Value	Volume
$1.07	$1.08	$1.06	$1.276M	1.197M

Buyers (Bids)

No.	Vol.	Price($)
37	159852	$1.06

Sellers (Offers)

Price($)	Vol.	No.
$1.07	42310	11

View Market Depth

No.	Vol.	Price($)
37	159852	1.060
15	75318	1.055
23	220306	1.050
11	274921	1.045
11	546608	1.040

Price($)	Vol.	No.
1.065	42310	11
1.070	130113	17
1.075	118841	16
1.080	160924	17
1.085	180099	9

Last trade - 10.37am 24/06/2024 (20 minute delay)

DEG (ASX) Chart

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