IMO, probably because DVP are viewed more as a mining services company and have historically been valued along those lines, but are morphing into a mine developer of Cu Zn Li.....Unhedged producers are exposed to commodity price movements more so than explorers and developers.
There are still major development/execution risks ahead for DVP at Woodlawn SS and PD.
Over the longer term it could pose a valuation dilemma for DVP.
Historically "conglomerates" have released value when they have been broken up. Not saying this will happen in DVP's case, but you can be sure that if full valuation (whatever that is) is not seen as being realised in the SP, then maybe the "pure play" drum would start beating.
It'll be interesting to see how this thing rolls out over the next 6 months.
I'm still buying bit by bit.
IMO, probably because DVP are viewed more as a mining services...
Add DVP (ASX) to my watchlist
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Last
$2.37 |
Change
-0.020(0.84%) |
Mkt cap ! $575.0M | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.41 | $2.33 | $484.9K | 204.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7328 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 2328 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$2.37 |
Change
-0.020 ( 0.99 %) |
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| Open | High | Low | Volume | ||
| $2.36 | $2.41 | $2.35 | 85646 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| DVP (ASX) Chart |