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Thoughts on Trading Halt in De Grey Mining Limited (DEG)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

Thoughts on Trading Halt in De Grey Mining Limited (DEG)

James Thanks for all your valuable comments. De Grey denied a comment and made a response then went into a trading halt! Response to West Australian Article Can you comment on this please Wally

Answer

Hi Wally,

At the time of answering your question (2.45pm on Friday) DEG was trading at $1.35 having replied to the mentioned article at 10.36am AEST. They basically dismissed the article:

  • “De Grey has not announced any forecast financial information regarding this resource upgrade. Until the
    DFS is released (scheduled in the 3rd quarter of the 2023 calendar year) no other figures should be relied
    on.”

NB Further details on the announcement plus any others can be found on the MM website under Announcements in the Analysis section.

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De Grey Mining Ltd (DEG)
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