Possible future outcomes

Change in thread with an emphasis on ideas around what is likely going forward. To start:

Lets be clear DGO currently has a market cap of $31.3M with a share price atm of 89 cents representing only 35M shares on issue (excluding options and performance rights). They have the ability to raise capital with far less dilution than DEG. The current market cap of DEG is $40.3M with 917M shares on issue (excluding options and performance rights). It makes sense therefore to let DEG do all the cap raises in the short term, resulting in dilution and share price degradation. When the time and financial position is right DGO has the opportunity to raise serious capital (with less dilution) and buy out DEG either in total or 51% gaining a controlling interest (although it looks like they are already making the calls). The emphasis in the new CEO job description around capital raising is telling. It is a clever strategy when you think about it! The failing here IMHO appears to be with the DEG Board/Management who either did not see this coming or were desperate for cash injections to facilitate the Indee purchase and further drilling.

Does the DEG team still have cards to play in this scenario though? Some of you long termers on this board may be able to add more insight?

Could strong drilling results in the near term impact this outcome?

Thoughts and ideas very welcome - including challenging the above.