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Thoughts on De Grey Mining (DEG) after its capital raise

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    Thoughts on De Grey Mining (DEG) after its capital raise

    I know gold is on the nose but what do you think of DEG announcement regarding DFS and Cap raise, is it worth putting on a waitlist? Thanks

    Answer

    Hi Chris,

    We touched on DEG in Fridays What Matters Today Report, – the stocks in a  trading halt as it raises $300mn at $1.05, a 5.8%  discount to its last traded price.

    • We prefer local gold producers who are producing earnings now e.g. Evolution Mining (EVN) and Northern Star (NST)
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