Thought i'd just put up the current figures for DGO's stakes in DEG and NTM.
They own:
16.35% of DEG = $50.8m @ 29c
13.66% of NTM = $6.39m @ 6.9c
Total as of 15th April 2020 = $57.19m
DGO mk cap : $77m @ $1.81
So we're valued at $20m effectively.
I've been following and invested in DGO for a number of years and they tend to have been value @ $25m/$35m. We are now trading below this, even though we have a large chunk of land abutting DEGrey in the Mallina Gold Province. and where DGO are about to Drill a 20km Gold Anomaly here. What might they find in Mallina? Since EE joined / invested in DEG look what has happened to DEG. Maybe there is a lot more in this region.
V large Land Bank and Projects
Potential Company Makers are:
(Pilbara WA)
* Mallina (AU)
* Tom Price (AU)
(Murchison WA)
* Yerrida (CU-AU)
* Bryah (AU)
(Eastern Goldfields WA)
* Black Flag (AU)
* Lake Randall (AU)
(Stuart Shelf S.A)
* Pernatty Lagoon (CU-AU)
Presentation April 2020
http://www.dgogold.com.au/wp-content/uploads/2020/04/20200402-Shareholder-Presentation.pdf
Top 20 hold 90%
Board hold 18%
I'm betting on EE and Team to find another blockbuster. Currently trading @ an EV of $20m.
GLTAH
DC
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- DEG + NTM stakes = $57.19m.
DEG + NTM stakes = $57.19m.
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