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$1.15 de grey mining limited

Barrick Gold eyes De Grey Mining, page-153

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hippo567

979 Posts.

173

15/02/23

18:25

Post #: 66270542
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Originally posted by DigDagg: ↑

De Grey will not be borrowing cash from banks to establish the open pit mine at Hemi nor the associated processing plant. Because De Grey is going to be a tier 1 gold mine they can also be funded with a gold loan. Put simply, the bullion banks will lend gold to an enterprise if it is in a safe jurisdiction with a proven ore body of sufficient size that there is no doubt that the gold can be paid back ounce for ounce as well as with the interest component being repaid in gold ounces. No other enterprise can get a loan of this type. The bullion banks always make a very handsome return on these transactions so they will be falling over themselves bidding for the business, guaranteeing De Grey the cheapest funding possible to establish this mine. In the presentation yesterday the estimate for repaying the loan will be 18 months then after that it will be a free carry all the way to the bank for the shareholders.

You still have time to buy in before the price of the shares goes up with the DFS.

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if the RBA has any sense they will be lending DEG the gold from Australia’s gold reserves. It is one of the few ways they can earn an income from Australia’s (actually pitiful) gold reserves with minimal counterparty risk

DEG Price at posting: $1.37 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.15		Change -0.003(0.22%)		Mkt cap ! $2.672B

Open	High	Low	Value	Volume
$1.16	$1.17	$1.15	$2.804M	2.422M

Buyers (Bids)

No.	Vol.	Price($)
64	422341	$1.15

Sellers (Offers)

Price($)	Vol.	No.
$1.16	64676	28

View Market Depth

No.	Vol.	Price($)
58	391192	1.150
18	188393	1.145
36	435417	1.140
16	511382	1.135
21	193386	1.130

Price($)	Vol.	No.
1.155	37298	26
1.160	255603	40
1.165	220605	32
1.170	102337	15
1.175	604764	15

Last trade - 13.46pm 22/05/2024 (20 minute delay)


Last $1.15			Change -0.003 ( 0.53 %)
Open	High		Low	Volume
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