DRGDF - Detour Gold: The Latest Rally Seems To Be Justified
Last year a group of investors led by John Paulson initiated a proxy battle to replace Detour Gold's (DRGDF) management with a new team. In December 2018 a special meeting of shareholders backed the Paulson group. As a result, now the company is run by a new management team. Interestingly, looking at the recent share price action, I think that investors have credited this management with confidence:
Source: Stockcharts
As the chart above shows, since the end of the proxy battle (red circle) the company's shares have broken up from a long-term downward