@kyngdominion, I'm in with an initial DEV position at 30 cents.
I like what I see here:
- There is significant untapped potential in the Lachlan Fold Belt, with DevEx extremely well positioned with 600km+ of ground
- Potential for a major discovery at Basin Creek and Junee with drilling underway
- Extremely motivated team with skin in the game. The best of the bunch is Chairman Tim Goyder, who is also the largest shareholder with 22% of all shares on issue
- With a market cap of circa $80M and $6M cash, I think the potential share price upside here is significant
- Drilling also scheduled for Wilga Downs in late Nov/Dec 2020 and Julimar Complex (WA) in Dec/Jan 2021 -- we have a pipeline of newsflow
I like the risk/reward balance here enough for DEV to take a small spot in my portfolio.
My target price is $1 within 6 months.
T.E.P.
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $70.67M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $86.74K | 521.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 74684 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 75208 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13700 | 0.160 |
4 | 94354 | 0.155 |
2 | 300000 | 0.150 |
6 | 200690 | 0.145 |
3 | 550000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 75208 | 3 |
0.180 | 70000 | 1 |
0.185 | 85000 | 2 |
0.190 | 80580 | 3 |
0.195 | 113255 | 3 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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DEV (ASX) Chart |