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DGR Global Limited ( (AU:DGR) ) has provided an announcement.
DGR Global Limited has received the first tranche of proceeds from the sale of its stake in SolGold to Jiangxi Copper’s Hong Kong subsidiary, following an agreed price of 28 pence per SolGold share. After repaying a loan facility with Samuel, the transaction has delivered net proceeds of about $45 million to DGR.
A second tranche of SolGold share proceeds, expected in early April after repayment of Equities First loan facilities, is anticipated to add roughly $23 million, subject to exchange rates. The board is reviewing the outcomes of the settlement and assessing optimal uses of the newly available funds, with a further market update to follow once capital allocation decisions are finalised.
The most recent analyst rating on (AU:DGR) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on DGR Global Limited stock, see the AU:DGR Stock Forecast page.
More about DGR Global Limited
DGR Global Limited is an Australian resources project generator that creates and develops mineral exploration, development, and mining companies. Leveraging a core team of geoscientists, it targets commodities with favourable long-term price outlooks in geologically prospective, under-explored regions, focusing on jurisdictions with improving regulatory and socio-economic frameworks and extensive available tenures.
Average Trading Volume: 864,202
Technical Sentiment Signal: Buy
Current Market Cap: A$31.31M
Find detailed analytics on DGR stock on TipRanks’ Stock Analysis page.