Ann: Response to ASX Aware Query, page-28

Bottom of Page 2 of this announcement says:

On 10 March 2020, the Company appointed Azure as corporate advisors. The engagement was a general engagement and not specific to the capital raising set out in the Announcement. The engagement also included the provision of advice in relation to the possibility of a placement to an industry corporate. Azure did however provide valuable support to the Company during the Capital Raising Activities.

Presumably corporate advisers are there to bounce ideas off for DEG management, and as a third opinion to Bell-Potter and Argonaut and probably there in the case of a possibility of a hostile and/or opportunistic take-over?

Other posters suggesting that that its the clients of Bell-Potter that stand the most to gain with the leak to the AFR. If thats the case then it would mean that someone from Bell-Potter (or Argonaut?) is talking out of school to their own clients while being in negotiation with DEG about a CR? Nothing like the rumours of a capital raise to prick the bubble of an ever increasing share price rise is there?

I reckon it might be time for DEG to get some new corporate advisers and/or brokers, or get someone within the company to keep an eye on the existing ones. DEG management don't seem to have a problem with the rocks, or finding the gold, their potential problems could be more on the corporate and market side of the business.