Definitely agree that dilution is certain. My concern however was more to do with the 2 - 3 more years of resource delineation. How much more capital will be needed and at what share price. History has shown that the discount to the prevailing share price at each raise has been significant. DGO to date have participated in the capital raises so as to maintain their ownership percentage of DEG and additionally they have had options thrown into the mix as well. This is necessary to maintain their existing 2 positions on the Board that are crucial in maintaining their strong influence on decisions going forward. The share price may not be diminished but IMHO the drill results will need to be correspondingly better. Time will tell!
Definitely agree that dilution is certain. My concern however...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.22 |
Change
0.045(3.83%) |
Mkt cap ! $2.923B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.22 | $1.18 | $7.371M | 6.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 133039 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 170033 | 6 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |