DEG 0.84% $1.18 de grey mining limited

Ann: High Grade Depth Extensions and Visible Gold at Falcon, page-834

  1. 634 Posts.
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    Gold mining is complicated thing,you see on sample of the last private placement-you pay 1.1$ and loosing time,value of A$ and price as dwindling with no progress!Same with building plant,from start your stock diluted with hopes for the 1300$profit per ounce,later management rise salary ,expenses and spending-and you loose into just 800$ with diluted stock value,remember,all time the capital rising your shares diluted until gold proportionally added per this capital rising which is rare fact,the more heavy market cap-more difficult to rise SP and much more easy to crash SP...simple as day light,using past history as sample into future of the management action I was not surprised with greed the salaries rised without any additional rise per our equity,read as one more dilution and since back in 2003 shares did rise from 12c into 60c,this time i do not see indicator which let us cross 2$ on good A$ soon,but we may have absolute history return and reversal in stock going down,by 1000 reasons including management hurry to rise to itself salaries while shareholders left uncompensated for the last 2 years!
 
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Last
$1.18
Change
-0.010(0.84%)
Mkt cap ! $2.846B
Open High Low Value Volume
$1.20 $1.20 $1.18 $3.275M 2.760M

Buyers (Bids)

No. Vol. Price($)
18 61336 $1.18
 

Sellers (Offers)

Price($) Vol. No.
$1.19 203249 37
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Last trade - 13.04pm 26/07/2024 (20 minute delay) ?
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