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.