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$1.34 de grey mining limited

Ann: Underwritten $22M Capital Raising, page-189

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stoneral33

2,853 Posts.

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23/07/19

19:40

Post #: 39656596
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Originally posted by hongkie: ↑

So who is planning to sell their rights and who is going to take up their entitlement at 5 cents?

I'm in for a lot and heavily underwater, which is making me more risk averse. The question is whether the botching of the CR is a sign that commitments on the 3 million resource target aren't as dependable as I had hoped. Does bringing the DGO guys onto the board really add much value, or was that the quid pro quo for them in upping their investment again...

On the other hand I was burned by Dacian's inept management a few weeks ago and then I didn't double up when the share price tanked, so I have missed the 100% gain since the bottom.

I'd hate to miss out on a decent uptick from 5 cents if the next round of exploration results are good and we see that better recognised in the share price because Indee is finally under DEG ownership. And although I'm not counting on it happening, provably positive news from Novo on its Egina exploration would surely feed through into DEG shares because of the deal with them on exploring the flats, plus the Farno JV.

A major dilemma.

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has super switched on BOD..GLTA

DEG Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.34		Change 0.010(0.75%)		Mkt cap ! $3.211B

Open	High	Low	Value	Volume
$1.34	$1.35	$1.33	$4.913M	3.664M

Buyers (Bids)

No.	Vol.	Price($)
2	61666	$1.34

Sellers (Offers)

Price($)	Vol.	No.
$1.35	111786	5

View Market Depth

No.	Vol.	Price($)
2	61666	1.335
11	198354	1.330
5	104834	1.325
8	73286	1.320
1	10149	1.315

Price($)	Vol.	No.
1.345	109586	4
1.350	103140	7
1.355	125882	3
1.360	39487	3
1.365	9711	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

DEG (ASX) Chart