DGO (Ed Eshuys & Bruce Parnacutt) are very keen on DEG. They bought in a while back at 20C per share as a placement (ie not on market) which was well above market price at the time. They got warrants with the shares but they are well out of the money! Kirkland Lake Gold are also on the register and from memory were placed shares similar to DGO but at a lower price.
DGO presentations show a similar stratigraphy between the Pilbara and the Witwatersrand as both are part of the same continent that was formed around 3.0 billion years ago. DGO are of the belief that the shear zone that DEG have (approx 200 kms of it) could be a major gold province. The leases also have the conglomerate gold underneath the Mount Roe basalt that has the interest of NOVO Resouces etc
Disclosure: I have been in DEG and am thinking about getting back in again
DGO (Ed Eshuys & Bruce Parnacutt) are very keen on DEG. They...
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