Here is the broker data for September leading up to the raise.
UBS, JP Morgan, Goldman's the main buyers. Probably front running the GDXJ changes. A good example of why more often than not you want to be following the smart money in these stocks if your timing is right. I remember the poster @Ajax telling us how smart he was for selling at $0.80/sh a few weeks back (funnily enough I notice he has deleted that post now) because there was no way this was going to be mined because of the perceived large capex required. I pointed out at that time that the pros had been accumulating and I thought he was making a mistake. Turns out they were probably front running the GDXJ - makes sense now. Follow the smart money where you can....
DEG launches placement, page-76
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Last
$1.23 |
Change
0.020(1.66%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $8.926M | 7.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 334167 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 25000 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |