Australian (ASX) Stock Market Forum

DEG - De Grey Mining

Hallelujah! I got NST at open time. Now getting more encouragement from the last 2 days trading. I am going for 2 big asks...
NST at $15 n DEG at $1.50 to enter...some may remark..in your dreams...the reply wld be... Dreams do come true.🌠
My Dreams may com true in the next 2 months. It isn't a long waiting period.
 
I have been wondering how long it would take for an Aboriginal corporation of some sort to pop up with their hand out for something extra. I don't think water has ever been raised as an issue. Continuous disclosure problem?

The Yule and Turner River look to be about 10-15km from Hemi, not sure how water gets discharged into them. Maybe through tributaries to them.

Would be interesting to see if the EDO has their tentacles into this as well.


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Speaking exclusively to this column, Kariyarra Aboriginal Corporation (KAC) chief executive James Gibson described the non-profit’s relationship with De Grey as “strained” as the pair remain locked in negotiations.

Key to KAC’s concerns is the protection of the Turner River which sits north-east of De Grey’s flagship Hemi project. KAC also has a commercial joint venture agreement with ASX-listed water services provider Vysarn regarding water resources on Kariyarra Country.

“Kariyarra Aboriginal Corporation feel the relationship with De Grey Mining is strained,” Gibson said.

“KAC has repeatedly objected to the discharge of water into either the Turner River, Yule River or re-injection back into the Kariyarra palio channel.”

Gibson added that KAC is “committed to negotiating an outcome for Hemi Gold that is environmentally, culturally and economically sustainable”.

A De Grey spokesperson declined to comment on the specifics of the negotiations but said: “De Grey has engaged constructively with the Kariyarra Aboriginal Corporation and the Kariyarra People for many years. We are comfortable with the submissions we have made to environmental regulators to date, which are public and supported by extensive study work.”

The spokesperson added that De Grey is “working on a number of potential water management options to retain flexibility throughout development and operation of the Hemi project”.

“We’ll continue engagement with regulators, the Kariyarra People and other stakeholders on excess water management options.”
 
I have been wondering how long it would take for an Aboriginal corporation of some sort to pop up with their hand out for something extra. I don't think water has ever been raised as an issue. Continuous disclosure problem?

The Yule and Turner River look to be about 10-15km from Hemi, not sure how water gets discharged into them. Maybe through tributaries to them.

Would be interesting to see if the EDO has their tentacles into this as well.


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Speaking exclusively to this column, Kariyarra Aboriginal Corporation (KAC) chief executive James Gibson described the non-profit’s relationship with De Grey as “strained” as the pair remain locked in negotiations.

Key to KAC’s concerns is the protection of the Turner River which sits north-east of De Grey’s flagship Hemi project. KAC also has a commercial joint venture agreement with ASX-listed water services provider Vysarn regarding water resources on Kariyarra Country.

“Kariyarra Aboriginal Corporation feel the relationship with De Grey Mining is strained,” Gibson said.

“KAC has repeatedly objected to the discharge of water into either the Turner River, Yule River or re-injection back into the Kariyarra palio channel.”

Gibson added that KAC is “committed to negotiating an outcome for Hemi Gold that is environmentally, culturally and economically sustainable”.

A De Grey spokesperson declined to comment on the specifics of the negotiations but said: “De Grey has engaged constructively with the Kariyarra Aboriginal Corporation and the Kariyarra People for many years. We are comfortable with the submissions we have made to environmental regulators to date, which are public and supported by extensive study work.”

The spokesperson added that De Grey is “working on a number of potential water management options to retain flexibility throughout development and operation of the Hemi project”.

“We’ll continue engagement with regulators, the Kariyarra People and other stakeholders on excess water management options.”
Have a look at the LINKEDIN profile of James Gibson.
What is a see is another white parasite creaming a living of the first nations peoples.
Mick
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My view is its great to see Aboriginal Corporations attracting these sort of highly qualified and skilled executives. A nice change from the ones at the Mining companies treating them in such an appalling manner as we have seen many times with no respect for culture.
 
Good evening
Great day, today for g o l d ... nice SP gain for DEG ... up 5.93% culminating in all time high SP.

Chart update:
Daily
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One Minute

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Not holding
Have traded long time ago

Kind regards
rcw1
 


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