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Originally posted by DigDagg:
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I am one of the people who did well with DEG. I bought in because a fellow I know rang me to tell me how well he had done with DEG, riding it up to 24 cents from about 8 cents then selling out. My friend has a talent for spotting a company with real prospects, something I learned when I used to work with him. Anyway, I looked at the company and read their ASX releases and I realised that Andy Beckwith was doing exactly what the geologists had done with Gold Road. That was enough to get me to by a stake on a pull back to 20 cents. The stock fell so I dollar cost averaged and bought more. It fell more and I bought more - all the way down to 3.7 cents a share. At that point I was a wall of worry and, had I had a financial advisor, I would never have made such a large commitment. Needless to say, Andy delivered the goods, finding the intrusion deposit below a relatively shallow overburden (it was thick - about 50 feet from memory) for the exploratory drill program. A poor geologist could well have identified the wrong spot to sink that hole. Later, the company drilled out that ore body and defined the extent of the first ore body of many ore bodies. Those were exciting days to be a shareholder in DEG.
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Great info DigDagg.... Appreciate your input and from our regulars @Snowy84 ... @JRowe16 ... etc
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