Interesting times ahead! Seems worth doing a dive into the major shareholder of both DEG and GOR to establish who the "puppet masters" are who are effectively pulling the strings of their puppets: DEG and GOR
I have found marketindex.com.au a source that seems reliable and regularly updated for this sort of information
Firstly DEG
Name
Shares
Capital
1 HSBC Custody Nominees (Australia) Limited
707,437,659
29.52%
2 Renaissance Resources Pty Ltd
413,934,740
17.27%
3 Citicorp Nominees Pty Limited
318,925,866
13.31%
4 J P Morgan Nominees Australia Pty Limited
279,960,578
11.68%
The Top 20 Shareholders of DEG hold 83% ofshares on issue
https://www.marketindex.com.au/asx/deg
Secondly GOR
Name
Shares
Capital
1 Hsbc Custody Nominees (Australia) Limited
404,412,349
37.37%
2 J P Morgan Nominees Australia Pty Limited
135,020,297
12.48%
3 Citicorp Nominees Pty Limited
120,386,622
11.13%
The Top 20 Shareholders of GOR hold 74.21% ofshares on issue.
https://www.marketindex.com.au/asx/gor
What this is telling me is that the same puppet masters are pulling the strings of DEG and GOR
This puts GOR's 17% of DEG (I assume it comes under HSBCs managed shareholdings) in a different light. They may not have the influence that every one thinks. Though assumedly they could take voting rights back from HSBC if desired or apply a great deal of pressure.
Also, I have not tracked down Renaissance Resources. They are a recent arrival on DEG's list
We watch this space with ever increasing interest. But with absolutely no control or influence.
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