Post by
lifegoeson on Feb 13, 2021 11:31am
Farshad, CEO of DBG, has significant SKIN in the GAME...
I first purchased DBG in 2013 because of the property they acquired, throughout this time, Farshad has stood above almost every other CEO in the junior resource market. He has put significant skin in the game and he has resisted consolidation, for all of this I applaud his determination and vision. I assume everyone who owns stock received their AGM meeting documents in the mail. Farshad owns 24,158,144 shares or about 18.44%, a significant portion of the company. Other directors own about 2.65%, thus over 20% of the company is owned by directors. Farshad also owns about 5,8 M in exersizable securities of the total 10.9 M securities, which are at good prices that can be exercised to raise further capital.
DBG traded 583,000 on Friday and 4.1 M shares for the week, the buyers were steady with the price closing at $0.415. We all sit and wait for results, but I am willing to be that Farshad is busy entertaining potential investors or companies looking to purchase the company. the key will be at what price will they raise capital. He has been very strong on getting the best for shareholders, not to mention that he stands to gain the most of any shareholder. If the results from the 3D IP structure identified in the spring and recently drilled are excellent, then I suspect Farshad isn't about to give up easily and will fight for higher investments. As of the end of December, DBG had about $3.2 M in cash and significant room to exercise warrants and options, thus he can drill more, promote, and look for better deals while the price pushes higher and higher.
Also worth noting, filing indicate no significant insider selling, mainly warrant and option excersing to put money into the company.
Good Luck, the days and weeks ahead should be very interesting.