Ann: De Grey secures $3.75M option underwriting agreement, page-21

hi courtyard dog,
this is a great little co. with plenty of potential being held back by novo's inability to deliver what the market wants.
it is in a prime position with a jorc and a clear plan to start mining, while novo proves up whether egina is a bulk mining scenario or not, if it is E.S will want to be involved more significantly in some form.
while mining, the company can drill the 90% of shear zone remaining and that can only add to the life of mine without taking into account the conglomerate gold.
I believe that if the bulk of the options were converted well in advance of the ex date, our s/p would be much higher today, as for the bots they'll keep us in a holding pattern until they see evidence of conglomerate gold scale and grade, then let off the handbrake to push it higher unless tax selling in the states pushes novo back to it's lows.

regards timmo