DEG 1.47% $1.38 de grey mining limited

Ann: Major extensions to Eagle and Diucon, page-46

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  1. 537 Posts.
    lightbulb Created with Sketch. 157
    north of $3 a share
    Why not?
    14 September 2020 / Placement of approximately 83.4 million shares priced at A$1.20
    22 October 2021 / Placement of approximately 113.6 million shares priced at A$1.10
    6 October 2022 / Placement of 130 million shares at A$1.00
    2 October 2023 / Placement of approximately 285.7 million shares at a price of $1.05

    = 612.7 million shares

    Did the buyers want price gains?
    Or did these buyers want to secure a share of a future producer?

    I suspect the buyers are playing in the long run.
    It would have to be a convincing offer.









 
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