Ann: Strong infill & extension results at Brolga, page-118

First of all,

The Kirkland lake gold merger was a rip off to its shareholders.

https://www.*****.com/news/2021-09-28/Some-Kirkland-Lake-Gold-shareholders-seek-a-sweeter-bid.html

Agnico Eagle-Kirkland Lake Gold merger upset some shareholders. Today the two companies announced they were merging. When completed the new company will be a number three gold producer. Kirkland Lake Gold CEO, Tony Makuch, will be CEO of the combined companies. Sean Boyd becomes executive chair. Kirkland Lake Gold shareholders will receive 0.7935 of an Agnico Eagle common share, a 1% premium to the 10-day volume weighted average prices on the Toronto Stock Exchange. Some Kirkland Lake Gold shareholders were hoping for a better valuation. Agnico Eagle picked up Kirkland Lake's assets at about 10% discount to market, according to Derek Macpherson, on a Twitter thread. News of the merger dropped in the morning. Kirkland Lake finished the day down by 7.76% to $51.38 a share by market close. Twitter was rife with complaints, especially when Kirkland Lake announced early this month that it was boosting its M&I gold resources 216% at Detour Lake.

Have you ever seen a huge tumble in share price of a company during a merger/takeover? At a significant discount? KLA must've been the first in the gold sector.

Why? Because Detour lake mine is a low grade piece of S, that requires high cost of maintenance and high CAPEX every year, which then erodes profit margin. That's what the market values it for.

Now back to De Grey. The following progress has been made in the space of just 10 days.

18/9/21

28/9/21

Remember, Hemi is already a proven Tier one resource, shallow and brand new, that has not seen the end of its expansion in many directions and at depth. The current trend of decrease in DEG share price is completely consistent with the decrease in gold price, and consistent with decrease in share price of many gold miners such as SLR and RMS.

Do not be fooled.