Starting off the year good, $1.35 vs $1.17 in Jan last year, plenty of dilution too through capital risings, SLR was $1.78 last Jan and now $1.18, most Australian gold miners are downgraded because of high costs and DEG is not immune to this and investors are overvaluing it saying it's in development so mining costs are not an issue right now but they will be. Most of Australia's gold mines are high cost so DEG can not side step this problem so a revaluation can come any time. It is difficult to invest in Australian gold miners with their economic problems of costs being too close to the gold price.
The potential of hole HEDD128, page-67
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Last
$1.16 |
Change
-0.005(0.43%) |
Mkt cap ! $2.780B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.19 | $1.16 | $5.891M | 5.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13206 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 104100 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |