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DEG - De Grey Mining

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Looks like a 10:1 share consolidation somewhere way back? Looks like the original shareholders who are left would need 10 × 25c just to be standing still. One of the reasons today I don't regret passing over DEG (if you can believe me, lol) - it would never be a buy candidate in my book. Any company that's diluted long standing shareholders into oblivion is an immediate pass for me.

Not Held

DEG All Data Qtrly

 
Borrow recall

(is this the one that bought lots of tenements using options/rights to the previous tenement owners? cannot remember the history.... might be thinking spitfire??)
 
Still early stage; drilling ahead, with two more rigs on site, now 6.

Hemi is a new major gold discovery, where gold mineralisation is hosted in a series of intrusions associated with stringer and disseminated sulphide rich zones. This style of mineralisation is new to the Pilbara region and shows a scale of mineralisation not seen in the project previously.

Hemi is shaping up as a world class, large scale deposit with world class infrastructure on our doorstep. Drilling is continuing to determine the extent of the Hemi mineralisation with the expectation that overall project resources will increase significantly from the current 2.2Moz.

There are at least four other look-alike intrusion targets already defined in the immediate region surrounding Hemi, three of which have known ore grade mineralisation. A detailed airborne magnetic survey was recently completed and will be used to further improve and enhance targeting.
 
Yeah I bought this at just under 40c/share. So far, so good
 
I still had DEG sitting in my mining pennies watchlist for under 10 cent stocks... I remember looking at it at 4 cents considering a buy but never got there.

Don't see too many stocks popping hard like this, unrelated, however PDI (Predictive Discoveries?) seems to be doing something again.

Both not held.
 
I've been away this weekend and just got home to see this thread. I deleted the most recent post by Clansman and then starting working my way backwards to read all of the posts from the last couple of days and as a result Clansman is now banned.

There is no excuse for this kind of appalling conduct.

The thread has now been cleaned up, so please feel free to continue discussing DEG.
 
I'm actually going to top up from here rock so I think there's plenty of money to be made yet
 
over9k said:
I'm actually going to top up from here rock so I think there's plenty of money to be made yet
Click to expand...
snuck in another 4000 at $1.50 this morning on a slight retracement - let's get through $2 DEG
 
Bumping because I picked this for the stock picking comp and they've just announced "encouraging results at duicon-eagle" today, so off to a good start.
 
over9k said:
Bumping because I picked this for the stock picking comp and they've just announced "encouraging results at duicon-eagle" today, so off to a good start.
Click to expand...
bump it as much as you like as I like and am holding
 
Wow, this is nice. Is it already factored into the sp?

 
Looks like it has been factored in but I see more upside here. 9m oz @ $2,000 = $18b in the ground. Market cap around $2b at the moment and it will take some $$ to put a mill in and start digging. They still have heaps of drills spinning and there'll surely be another couple of resource upgrades. Everything remains open and they've been adding 100s of 1000s of ounces a month to Hemi. Not sure where it's going to stop. 15m oz au? $30b in the ground?

I hear NCM calling.
 
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