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$2.41 dgo gold limited

Ann: Investor Presentation, page-6

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allatsea

2,989 Posts.

233

26/09/20

09:08

Post #: 47645339
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Originally posted by eastwest101: ↑

I think the implication could maybe more along the lines that if I were a gold major and I wanted DEG - I wouldn't even attempt to try to accumulate DEG on-market, it would be far simpler to make an offer to acquire DGO (or buy the DGO owned DEG shares from DGO in a simple transaction) and if successful that gives the theoretical predator 16% ownership of DEG straight away, which is a decent blocking stake that would discourage any other predators, then its just a case of sitting back and letting DEG drill out Hemi and whatever else they find at their leisure. And if it were going to be an offer for DGO it would want to be a serious and good offer, not some silly low-ball attempt....

Is there some fatal flaw to that scenario that I haven't thought about?

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I completely agree, I always thought we should be valued at a premium to the value of the DEG holding for that reason.

Whether a predator comes in for DGO or DEG, I'm absolutely sure it will only be successful T/O if it is what both DGO and DEG want, they seem tight, and while DEG is now a monster, it was mentioned several times that DGO supported DEG when nobody else wanted to.

DGO Price at posting: $3.40 Sentiment: Buy Disclosure: Held
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