DPG - being the NUMBER SUBSTANTIAL SHAEHOLDER - will shake up the senior management team and stop them resting on their recent achievements in Maitland.
The WA and QLD sites have high prospectivity and DPG's shadow will be enough to put GGY into fifth gear.
DPG is well connected - and with a personal interest in the Family Super Fund - l am sure that a cashed up Glengarry will take full advantage of some mining and exploration minnows which are ready to see share price explosions.
Kagara were burnt by the Maitland deal and simply wanted out. Kagara bought the copper resource at the wrong time and as our Chairman recently stated 'Mining of the Maitland deposit is probably not economic at current copper prices.' Kagara was a positive thing for Glengarry but it is now time for DPG to revisit GGY and drive things forward.
GGY Price at posting:
3.3¢ Sentiment: ST Buy Disclosure: Held
