DEG 0.80% $1.24 de grey mining limited

Ann: Quarterly Activities Report - December 2018, page-4

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    The open pit PFS study results were not what they hoped for, therefore, we won't get a PFS until July at the earliest.  Difficult to get financing without a FS.  Only news I can think of that will raise the share price between now and July is something good with the conglomerates.  Looks like they'll have to issue shares to cover the Indee final payment.  Right now that looks like 8 to 10 cents a share (25% dilution) unless some big big news coming.
 
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