Ann: Entitlements Offer Closure and Shortfall Not, page-16

re: Ann: Entitlements Offer Closure and Short...
I think your being a little too dramatic there Moneyputin but I appriciate your imput all the same.

I have had near 30 yrs stock market exposure and can tell you that companys only go belly up when the run out of money.

DEG has just raised enought finance for another years operations.
The cap raise had a shortfall from private investors and the remaining shares were taken up by Patersons Securities Limited.

Patersons were the underwritters for 118 750 000 new shares being a sum of $950 000.

We are now fully cashed ready for next years drilling.



Now when it comes to the new man P Batten....the main fault here is his ability to comunicate.

Share holders need regular updates not 56 pages once a year.


Short term we wait winter out,keep in mind things happen prematurely on the market.

Long term we now have cash for another year,under 1 cent deg is a bargain and worthwhile punt.

At the end of a day we are an explorer hence the great entry price.

Explorers are those that go looking and that what they are doing.

A large srike with drilling could give 10x from current pricing but like all speccies put in what your happy to loose.

I couldnt offer my view on this stock any clearer,hope this helps.


Cheers.