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lifeguard22

1,883 Posts.

77

27/09/17

22:01

Post #: 27502806
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Originally posted by jas626 ↑

while I agree with you that the dollar sum of the DEG's gold nuggets is small and the 150% increase is on the high side , its the speculation of how much gold is underneath that has the market interested and how much it can add to there resources, I do believe that DEG was undervalued before the announcement with one million once resource in western Australia and only a 15 million MC, so perhaps the announcement brought the markets attention to how undervalued DEG was in the first place? I think it will settle around 12c in the coming days,

one thing I would say is its very risky to be buying KAI, SEG etc just based on nearology and not on the company's own performance.

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Wise post. And agree with other sentiment that the pump was a little bit of an overreaction. $30k worth of nuggets.. and a.. what.. $10 million dollar appreciation in the SP..? Hmm. Sure it might have been undervalued before, but... umm..?
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