Further to the Euroz Hartley's comment
We believe that De Grey is under severe risk of a takeover, particularly in the next six months, post final approvals and before the start of construction, which is scheduled for the end of 2024
the interested party is widely held to be Agnico Eagle. They have been rumoured to have done a great deal of due diligence which has extended to a site visit. To appreciate their level of interest is is worth having a look at their presentation at this year's Diggers and Dealers conference by their VP Exploration, Peter Netupsky.https://www.youtube.com/watch?v=Ho76gfT4aHw
Their expansion ambitions, coupled with an extremely tight set of criteria for this expansion suggests that DeGrey might be No1 on a short list of 1.
There could even have been discussions with DeGrey and some tentative agreement. If so, the standard escape clause is always "unless a higher offer". This could explain the reason for DeGray's recent visit to the US with 2 public presentations and who knows what else?.
Less positive is that DeGrey has not yet received Environmental approval for a mine.
Enter Ms Plibersek flushed with having successfully halted the Regis gold mine in NSW. Could she be looking for an encore to doubly impress the electorate of her inner Sydney seat?
- Forums
- ASX - By Stock
- DEG
Further to the Euroz Hartley's comment We believe that De Grey...
-
- There are more pages in this discussion • 47 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
$1.39 |
Change
0.020(1.46%) |
Mkt cap ! $3.331B |
Open | High | Low | Value | Volume |
$1.36 | $1.42 | $1.36 | $10.25M | 7.383M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 79543 | $1.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 16000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5755 | 1.390 |
1 | 10000 | 1.380 |
2 | 23186 | 1.375 |
2 | 9902 | 1.370 |
1 | 9402 | 1.365 |
Price($) | Vol. | No. |
---|---|---|
1.395 | 16000 | 1 |
1.405 | 9402 | 1 |
1.410 | 14402 | 2 |
1.415 | 109402 | 2 |
1.420 | 67974 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |