It occurred to me there's another way to make a "backdoor" t/o of DEG -- an LBO of GOR.
https://www.investopedia.com/ask/answers/041315/how-are-leveraged-buyouts-financed.asp
Besides GOR's extensive and envied reserves/resources, its address, etc. GOR has $139.9M.
https://hotcopper.com.au/threads/ann-march-2022-quarter-production-update.6682919/
One other way, but more risky is to make a bid for DGO, again, getting their GOR stake and the other stakes for gravy, future t/o starting positions. Other suitors for DEG know they will be enriching GOR's coffers. Put it together and that's why the big boys have financial experts on staff in order to approach the bankers, instos, insurance companies (reference to a posted speculation, intriguing, but too risky for an insurer?).
OV
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DGO takeover by Gold Road, page-60
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Last
$1.19 |
Change
-0.023(1.86%) |
Mkt cap ! $2.870B | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.19 | $3.601M | 2.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 115126 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 68245 | 25 |
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| Last trade - 13.00pm 15/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |