Another $52m invested into DEG, though really, it's the Hemi discovery that is the main asset.
The DEG DFS looks good, sure, lots of capex, but... arguably the best new gold mine to be built in Australia in.... decades?
GOR have a theoretical 20% of the project, or... around 105k ounces net once into production.
The big question is how will they try and structure any deal that the Insto's will like. Currently, GOR could not really be able to justify a nil merger, with DEGs market cap being bigger... but.... they must have a game plan....
Ann: Gold Road Returns to 19.9% Shareholding in De Grey Mining, page-2
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Last
$1.62 |
Change
-0.050(2.99%) |
Mkt cap ! $1.755B | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.68 | $1.62 | $12.11M | 7.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 170799 | $1.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 7331 | 1 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.63 |
Change
-0.050 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| $1.67 | $1.68 | $1.63 | 1371380 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| GOR (ASX) Chart |