Deg is an explorer, so unless we start producing or have some other income generating scheme going we dont have any income. Money for running the company has come from shareholder dilution in some form over the years, whats new? this is not unique to deg, its an explorer ffs. Maybe it hasnt been done perfectly in the past but we cant change that now, we still got to where we are now. The difference now is that the company is no longer diluting for no forseeable future gain, endlessly drilling dusters and hopping around different countries for no gain. We have a confirmed destination now of becoming a producer of the humungus deposit we have found and are rapidly making well documented progress towards it.
We have had some big cash injections because we have found the motherlode of gold and are finding and defining its limits. So the recent dilution has been necessary to pay for the huge amount of drilling and studies to allow the company to transform into a producer and become far more valuable.
When its producing we'll be printing money faster than Jerome powell at which point all the torment of waiting and watching while shadowy groups manipulate the price of DEG and reading your garbled paranoid rants will have been worth it. Once its spitting out money those groups will have far less ability to manipulate the price because if they try to smash it down people will just buy it up because they will be rewarded with a nice fat dividend, or capital gain.
All the talk about AUD is meaningless in the real world. Look at the big picture. The whole of the ASX is subject to those forces and in comparison to other explorers we are not doing too badly even if not leading at the moment on all metrics we will be leading on deposit size and potential so thats pretty good. Gold price and sentiment has been battered recently but is rapidly turning around for the better it seems. On top of that we have an updated resource coming out soon which is very unlikely to disappoint, the drills will be soon hunting down the next hemi, we're getting the kudos and attention of being added to the asx200, all the time inching ever closer to production..
Keep bleating if you want but look at all the fortescue's and other companies that were once DEG's size and found their company maker discoveries. If you want to waste even more time tell us about all the mistakes they made along the way. Bail out if you want buddy its a free world but your endless moaning is pointless and achieves nothing. Send your complaints to management or if you have balls and evidence take them to court instead of endlessly pestering these boards with the same old incoherent dribble everyday.
I would have thought all of this was pretty obvious to anyone with a passing interest but youve been here for 20 years and havent read the game too good so far. Seems you cant escape from this horrible company with a decent profit in all that time. Sorry about that but thats your problem dude.
Better luck next time but I'm happy despite the ups and downs and I'm going nowhere for quite a while.
DEG Price at posting:
$1.16 Sentiment: Buy Disclosure: Held
(20min delay)