Thanks @Shamer.
Have yourself and @Neoarchean (and anyone else for that matter) got any thoughts on where the $78m for oxide CIL plant would be raised?
What kind of debt/equity mix do you think we would see?
Personally, I prefer debt to be kept down with these small miners, because the interest payments can be crippling.
Obviously a CR at the current share price would need to be minimised, as it would be highly dilutive. In that case, debt would need to be used heavily.
If there are discoveries (either structural or conglomerate) that drives the price way up, which makes it easier to raise funds, we could see it being mostly, if not entirely, equity funded. Would have to be a big jump though.
I'm starting to think the conglomerate stuff might take so long to play out, and be so hard to define to JORC standards, that it would be best for DEG to start mining, spinning off cash, and then using that to just mine the conglomerates and see what they get.
Thoughts?
- Forums
- ASX - By Stock
- DEG
- DEG Chart
DEG Chart, page-62
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.26 |
Change
0.028(2.23%) |
Mkt cap ! $2.965B |
Open | High | Low | Value | Volume |
$1.22 | $1.27 | $1.21 | $5.625M | 4.535M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 82655 | $1.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.27 | 98837 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 92955 | 1.260 |
37 | 217568 | 1.255 |
31 | 171357 | 1.250 |
12 | 142411 | 1.245 |
15 | 504360 | 1.240 |
Price($) | Vol. | No. |
---|---|---|
1.265 | 129216 | 22 |
1.270 | 687415 | 32 |
1.275 | 157924 | 18 |
1.280 | 287370 | 20 |
1.285 | 531607 | 10 |
Last trade - 12.03pm 18/09/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |