Hi Caesius
The market is still mispricing DGR but the buyers are building.
I predict DGR will fund the next 3-6 months of admin by debt funding or selling a few shares from the stable of investments. There is a chance of an equity raising but I don't see it as a high chance.
I don't know if you noticed a holder dangling 14 mill shares at 0.14 for several days last week then pulling it.
It looked like a strategic move to me. No broker would advise you to put that many shares on the market all at once. I don't believe the seller was Tenstar or any of the directors so there are only 2 possibilities - JP Morgan is the most likely. I see 0.14 as a critical Rubicon to cross. Once crossed there is little selling unless our mysterious seller sells slowly into the growing buying pressure.
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Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $11.48M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $6.188K | 607.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 406246 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 289288 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 406246 | 0.010 |
2 | 144495 | 0.009 |
3 | 481222 | 0.008 |
2 | 600000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 289288 | 2 |
0.013 | 131457 | 1 |
0.015 | 360000 | 2 |
0.016 | 499999 | 1 |
0.038 | 200000 | 1 |
Last trade - 10.20am 27/06/2024 (20 minute delay) ? |
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DGR (ASX) Chart |