it's a crazy guess, but I'm tipping a large portion of the institutions funds ploughed into DEG aren't thinking about how they can make a quick 20-30% on $100Mil.
not when MC is so low compared to initial feso of around $4billion.
these guys chuck their money in, celebrate with a bottle of Scotch and a few Cubans, and then come back in 5 years to see what they've achieved.
yeah they might get their juniors to throw around a few retail style trades to pay costs and wages, but the bulk will be safely secured.
so back to your question, I don't know, I never said I knew, I did say I think!!!!
but hey, if this wasn't the case then why haven't our major shareholders sold out?
Ann: Completion of Fully Underwritten A$125 million Placement, page-69
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Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33645 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 12149 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |