It is simply a report from a journo at "The Australian". I am sure there are a number of big miners looking for opportunities to buy a business without having to go through many years of searching vacant land in the hope the drill rig hits something.
How this pans out should be clear within next 6 months. I dont believe DEG have the $$$$, current team or ability to build a mine and processing plant at the moment. They are explorers. IMO it will be a JV with someone like Goldfields or be acquired by a much larger entity. I would rather it remain in Australian control though.
Barrick Gold eyes De Grey Mining, page-59
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Last
$1.22 |
Change
-0.020(1.62%) |
Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.19 | $5.815M | 4.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 56832 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 161716 | 8 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |