DEG launches placement, page-3

Issuing the shares at A$1.20 a share to institutional investors and having no shortfall at that price will be an enormous positive for the company in many ways. It could put a floor under the price of the shares and that would be a sore blow to anyone looking to buy in (or to buy back after they sold) at the level of the gaps ($0.51 to $0.54 and $1.10 - $1.15) as I am of the opinion that the lower gap will now come into play only in a severe bear market stock crash. The higher gap may be possible in a lesser contraction but I don't see too many weak hands wanting to panic out in this forum.

It also means that we are still in the stealth phase of the gold rally. The article in the Australian is behind a pay wall (alas) so I am unable to assess it fully but if the CR is for only 100 million shares I do not think that it is going to be going to the public. For us investors in the company that means we are still in the early phases of the gold bull market and the price of gold could go up 50% in US$ terms and the share price could go up a further 1,000 percent from here. This is going to be like a D ride in Disneyland and it will take our breath away.