@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
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $61.83M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 14.0¢ | $79.64K | 544.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 136100 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 96100 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 136100 | 0.140 |
7 | 345985 | 0.135 |
5 | 186600 | 0.130 |
4 | 161897 | 0.125 |
3 | 38333 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 96100 | 4 |
0.155 | 10000 | 1 |
0.160 | 53770 | 4 |
0.165 | 76626 | 2 |
0.170 | 93800 | 3 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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