yes, yes, i know, i am nostra-freaking-damus...
this is how i predicted DEG was worth $1.70 early last year:
https://hotcopper.com.au/threads/dgo%E2%80%99s-ambition-for-deg.5215180/page-5?post_id=42828521
BTW actually after the cap raise at $1.20, due to dilution, the target should have changed to about $1.40. But it went to just under $1.70 anyhow. Twice!
Now DEG is worth heaps more. I might revisit my spreadsheet to work out how much but there are lots of quality analysts putting out numbers these days.
Also in this thread i said DEG was as perfect a gold play as you will ever find.
https://hotcopper.com.au/threads/ann-a-31-2-million-capital-raising.5364274/page-219?post_id=44499577
But i left out some other stuff i hasn't thought of at the time, which goes to show how important luck is in this game. Here is the full list starting with the ones i left out
* close to major highways
* close to major gas pipelines
* close to major power lines fed by two (presumably somewhat redundant) power stations at each end
* minimal native title/planning issues
* high grade large shallow open pittable discovery
* owns most of the nearology in a vast new gold province
* politically stable jurisdiction which will soon be looking for all opportunities for employment growth
* low oil price (OK not so much now)
* not far from a port (which will soon accept freight)
* resources found so far are quite close together
* exploring and developing, not mining, so not much impacted by COVID-19 (apart from general logistics delays which affect everyone else more)
* environmental issues not likely to be a factor
* takeover blocking stake held by DGO which is smaller than DEG so they are not likely to take DEG over allowing other shareholders to ride it all the way up
* on the radar of major gold industry players (previously i said KLA, Novo and Sprott, just more/others now)
* $80 million in the bank (was $40 million)
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Ann: A$31.2 Million Capital Raising, page-270
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$1.24 |
Change
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Mkt cap ! $2.971B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 131161 | $1.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.25 | 29974 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 131161 | 1.240 |
8 | 200012 | 1.235 |
5 | 46100 | 1.230 |
4 | 78693 | 1.225 |
6 | 122891 | 1.220 |
Price($) | Vol. | No. |
---|---|---|
1.245 | 29974 | 1 |
1.250 | 1767 | 1 |
1.255 | 177621 | 9 |
1.260 | 77101 | 4 |
1.265 | 24705 | 2 |
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