A shocking deal for all but the large participating shareholders.
Gold and gold stocks are on a tear so there is no need to be issuing new equity at a substantial discount, let alone attaching a potentially valuable option to that 'entitlement'. If they wanted to issue new equity today I reckon they would get killed in the rush at $3.00 but what they are proposing is an issue at as low as $2.50 with an option!
The directors are treating DGO like a private company and they should privatise it. Very disappointing for non-insiders.
So much for fiduciary duty!
A shocking deal for all but the large participating...
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