The large treasury has transformed DGR into a stable mining investment house.
The days of dilution are in the past.
The OBS transaction shows the strategy of DGR. Subs will be created, supported and bought to sale.
Major hedge funds are investing in oil and gas now.
LNG has a bright future over the next 5 years.
The fundamentals of a growing world urbanizing population has not changed.
AJQ is absurdly discounted.
DGR can support its subs by buying on market, participating in cash issues or advancing loans or issuing interest bearing preference shares.
DGR is also in a position to invest in discounted listed companies and rationalize them with existing subs. Look at NZ Oil and gases bargain purchase of CUE Energy.
I am a substantial holder but don't believe a dividend at this stage is the correct move.
I am hopeful DGR will make a series of good moves over the next 3-5 years and we will see a share price of 0.20 - 0.30 per share.
The current price is heavily discounted and will attract the interest of astute investors like MVT
who are moving up the register of one of my investments,POZ
Waiken
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $16.69M |
Open | High | Low | Value | Volume |
1.4¢ | 1.6¢ | 1.4¢ | $20.84K | 1.411M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 126519 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1075288 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 126519 | 0.014 |
3 | 1443325 | 0.013 |
1 | 333333 | 0.012 |
2 | 1150000 | 0.011 |
3 | 360099 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1075288 | 2 |
0.018 | 550000 | 1 |
0.019 | 613240 | 1 |
0.020 | 1532270 | 2 |
0.022 | 38764 | 1 |
Last trade - 13.03pm 16/10/2024 (20 minute delay) ? |
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DGR (ASX) Chart |
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JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
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