DAU - Dampier Gold

Discussion in 'Stocks & Derivatives' started by VRS, Aug 6, 2016.

  1. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    VRS, Aug 6, 2016
    #1
  2. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Correct - that's why it's a SHELL, BB - talks ongoing.

    I'm not betting the farm but I thought worth a minor punt - beats giving it to the missus for spends.
     
    VRS, Aug 8, 2016
    #2
  3. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Read the activity report dated 27/7 BB... ;)
     
    VRS, Aug 8, 2016
    #3
  4. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Agreed BB, but I think the exercise they've just done - cash for sale of asset with ongoing royalty payments - shows that management is pretty savvy, so for a small punt should be trustworthy to do something with an opportunity.

    I think their costs are running at about $150k per quarter currently.
     
    VRS, Aug 11, 2016
    #4
  5. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    Trading halt...

    As required by ASX Listing Rule 71.1, DAU provides the following information:
    A Trading Halt is requested pending the release of an announcement concerning the sale by DAU of the Plutonic Dome Gold Project to Vango Mining Limited;
    It is expected that an announcement will be made on the sale prior to the commencement of trading on Thursday 25th August 2016.
    The company is not aware of any reason why the Trading Halt should not be granted.
    The company has no other information necessary to inform the market about the Trading Halt.
     
    VRS, Aug 24, 2016
    #5
  6. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    VRS, Aug 25, 2016
    #6
  7. VRS

    VRS Well-Known Member Silver Stacker

    Joined:
    Oct 3, 2011
    Messages:
    5,164
    Likes Received:
    92
    Trophy Points:
    48
    Location:
    Brisbane
    VRS, Aug 25, 2016
    #7

Share This Page