DeGrey management and new coming DGO managing director is people responsible for the recent shake out,posting news in metallurgy by time when most market participants and investors awaiting for drilling results,brakes the company streaming good news trend,just trying to put this good news results later already can not recover the trend due some small,but important words said by new managing director about next drilling results coming just by Dec2020,this did shake out so much advertised by DEG mr.Lill the development in reaching market cap of over 700mln $(by diluting shareholders value almost as 12 times since 2015 stock reverse split leaving old shareholders with nothing ,but 15 years in stock divided by 200 investments! Also if anyone in details make research,the DGO director made much better progress for his DGO stock for last 5 years vs DEG management:standing with 100mln shares SP of DGO managed from 17cents 2015 into 4.0$ few days back.While DEG SP results shy of DGO skyrocket result due to the maqssive shareholders diluting into printing 12 times DEG shares since 2015-the 1$ recent stock price should be divided by 12 to see just 8cents SP gain for last 5 years from its after split 4cents!!!And even this 8 cents was crashed in last 3 days into 5 post split cents/read 60:12(dilution factor for last 5 years vs 100mln shares initially post split capital)!So De Grey shares not overvalued,but critically depressed and even with this depression DEG management and new DGO comer succeeded to bring its price back to 2015 after split 20% gain(for last 5 years great results for all directors fulfilling own pockets with million dollars of salaries for same time)! So make your coold mathematics rather bully talks on SP and appreciation of management team results,we are as DEG holders did only 20% SP appreciation for last 5 years,remember!You can divide 1.2mln ounces we already had by 2015 into 100mln shares to see ounces per share back then:1,2 gold ounces per 100 shares and today 1.2bln shares with 2.2mln ounces:about roughly 1200shares with just 2.2ounces our brilliant management grown value for shareholder for last 5 years or 6 time dilution by 2020 vs 2015 as your see simple cool numbers of gold ounces per stock hold for 5 years period,this is how DEG shareholders is benefited by its Broker CEO and professors management team-last time on Sprott management private placement 5mln De Grey mr.Lill celebrated hiring three university professors into the back then 2 members team.
As neighboring to DEG the DGO has ambitious plans at costs of DE Grey shareholders,its received much discounted shares from DEG management without offering to own investors the options like excepted in US/Canada when management going diluting shares! Besides rich compensation to itself just few weeks before good news drilling results started DEG issued and confirmed 100mln shares to its management as compensation,fair enough? This absurd spending as crazy behavior by current and well prepared speech by new director did its work,after all DGO new director interest is to sell DEG stake with profit or to merge DEG by his plans in DGO website,as result his main interest to get as much as he can cheap DEG shares at any event,he already got some 100mln at 28cents,now when markets started value the DEG shares with developing plant prospective(mr.Lill did speech last year that company plans was to extract metal by earlier 2020....where those plans gone?).So when you are asking why something like corona or De Grey shake out happened ,look into who's profiting from situation:Mr.Lill and directors team already did printed to itself "Reward" shares for Hemi discovery,New DGO director coming as DEG managing director also got 700k$ annual salary,DGO shareholders benefited from DEG shares gains,so its left De Grey shareholders who benefited by SP crash back into march period with prospects future downward trend and slim chances of recovery not earlier that Dec.2020 according to new managing DGO director at our De Grey board!So all parties is compensated well,is not it?Ahhh,i forgot,shareholders always hold hot potato's in its hands,so DE Grey shareholders can wait another 5 months before coming hopefully to not enough SP appreciation...sorry ((((
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