Someone must have been listening .Tony Makuch has just been appointed as a special adviser to the board of another gold company (in production) with its major mine in Australia .
Gold prices are currently under pressure .
Not one of the Deg booster club answers the simple question Where is the money going to come from to build a mine ?
Borrowing costs have doubled in three months .
Degs share price is currently declining .
Inflation is very high in the mining industry and there are severe supply of equipment constraints .
How Will Deg raise a billion dollars to build a mine ???
irrespective of what price I sold my Deg at (and I made a nice profit) though did sell early and for good reason ,these questions deserve an answer .
Even established mining companies are struggling to open new mines at this moment in time .
It seems pretty obvious that DEG is not going to be able to go it alone ,given the current macro environment in the world which is deteriorating.
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Price($) | Vol. | No. |
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