Great quarterly.
The CMIC deal is basically finalised. In the next 6 months there's going to be:
1. Initial DSO resource
2. Magnetite resource upgrade
3. News about progressing the other base metals operations
4. Hopefully some information about port/rail access
5. Potential shortening of timeframe to production now we have DSO!
They are running low on cash at the moment but about $5m in oppies still outstanding for conversion by September (they will definitely be converted IMO).
Also the debt deal is on very good terms; repayable after 6 years out of earnings.
I'm looking for negatives and the transport issue appears to be the burning issue. Progress on this front will re-rate the stock IMO.
JT
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.34 |
Change
-0.028(2.01%) |
Mkt cap ! $3.241B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.34 | $2.866M | 2.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 63847 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 38332 | 34 |
View Market Depth
| Last trade - 12.27pm 14/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |