A capital raise would dilute our holdings and drive the share price down further. IMO...
Whereas (although small) a quick cash injection with the possibility of a JV (20% Profit/Cost to DEG. or 1% net smelter royalty, where DEG just sits back and collects cash) on any developed mining.
Remember this is just the lag gravel, they stuff DEG is not looking to mine anyway.. DEG is focused on conglomerate gold and development of a Pit or U/G Mine.
But as old mate posted above. I doubt it's just about lag gravel.... Whats the long play?
Ann: De Grey expands exploration potential through LOI with Novo, page-10
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Last
$1.38 |
Change
0.020(1.47%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.35 | $7.060M | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1452 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 125540 | 7 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |