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

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Question asked 29/09/2023

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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De Grey Mining (DEG)

LAST UPDATED 29/09/2023 14:19

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