I think it's more likely they are just preparing for their share of DEG's CR in a month or two.
To take DEG out themselves, DGO would have to find a lot of financial backing. Hemi is still too early phase to get debt finance so maybe they could try to partner with Kirkland Lake or bring in a major financial investor. They might get a bit more equity based on bringing the deal about but they'd still be unlikely to be the largest single shareholder, as they are now.
Plus what would they offer as a takeover premium? Even at 30% or 40% above market, a lot of DEG shareholders might not be sellers because it looks like less of a windfall when the stock has been climbing so regularly.
It's an interesting question, though. There's different incentives at play and potentially a huge prize for whoever gets control.
DGO Price at posting:
$2.20 Sentiment: Buy Disclosure: Held
