DGR

0.00%

1.0¢ dgr global limited

Ann: Business Update, page-7

First 7 Last

Share
Profile

Follow
Plext

10,547 Posts.

1249

21/06/17

18:56

Post #: 25413834
Share

Originally posted by Kfann ↑

Hi all.

Very intriguing.

Caldwell and his Guyana Gold have not been comfortable with the BoD for a while....they abstained from the original Newcrest vote. His recent Director resignation announcement was about as unfriendly as it gets so its pretty safe to say he parted quickly and not on good terms. But no one leaves a Board just because friendship status....especially if you have a material position. You leave because of an actual/pending conflict.

So Caldwell and Guyana are now free to deal with their 125m SOLG shares...this is 8.27% of the new capital and is now the biggest 'loose' block. I would think we'll soon see what he intends to do with this.

Will he join fellow Maxit Capital placee, Rosseau in flipping his SOLG into Cornerstone for 'free' uplift in effective Cascabell ownership? Or is he negotiating with a new party who wants to position themselves near the front of the queue?

Either way, any corporate player will certainly have an immense battle on their hands with the DGR/Tenstar/NM/management holding 29.9% or 452.1m shares (though I believe 3-5 mill of these may have been sold in the past 2 months (DGR's 13.5% equates to 204m shares meaning some 3.3m may have been recently flicked)).

But Cornerstone. Wow! What a bold move swapping their shares for 5.18% of SOLG. Why would a junior, relative cash-starved explorer take a C$50m minority position behind NCM with 14.54% and NM's group with 29.9%? It certainly gives them a starting point to get to >10% necessary for negotiating leverage....but they are not there yet.

But Cornerstone wouldn't do this if they felt that C$50m was just going to sit there impotently for a year or two. Something is expected to happen (read = monetise it) within the next 6 months methinks.

So is this where Caldwell's 8.27% comes in? Possibly. Warren Irwin of Rosseau (and now Cornerstone's largest shareholder) knows and has dealt with Guyana Gold/Caldwell before (in backing GPM whose CEO is ex Guyana)

There's also Maxit Capital and a few other Canadian HNW's who speak for about 119m SOLG (7.89%) who, one would think, would be more inclined to pitch in with any Canadian contender in a battle Vs NM Vs NCM Vs ??

Any way you look at it, players are now picking and boosting their corners for the pending showdown.

In a normal world, this would play out fairly predictably. But NM has an insane habit of throwing surprise curve balls at the last minute. Just wait for it....it may give your corporate ethics a nudge...but it will be worthwhile watching from the DGR pilot seat.

Cheers,

Expand

If there was a "wrestle for position" Vs NM,DRG holders and NCM , why wouldn't they buy DGR stock and have voting rights in any future decision ?

All sounds strange to me !

DGR Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

There are more pages in this discussion • 5 more messages in this thread...

First 7 Last

Add DGR (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $10.43M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$2.625K	255.7K

Buyers (Bids)

No.	Vol.	Price($)
2	187208	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	156858	2

View Market Depth

No.	Vol.	Price($)
2	187208	0.009
2	231222	0.008
1	200000	0.007
1	250000	0.006
1	300000	0.005

Price($)	Vol.	No.
0.011	156858	2
0.012	304992	1
0.015	6044	1
0.016	499999	1
0.045	50000	1

Last trade - 15.04pm 12/07/2024 (20 minute delay)

DGR (ASX) Chart

Ann: Business Update, page-7

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Business Update, page-7

Top Stories

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News