DEG 1.21% $1.23 de grey mining limited

Chart - TA, page-3836

  1. 637 Posts.
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    I thought it might be interesting to go back in time .Lo and behold just over 3 years ago (when DEG price was about 1.15$)there was a technical analysis (which doesnt work on penny stocks )with 40 upvotes predicting a strong uptrend.Here we are three years later and no uptrend has developed just a trading range between 1.10 and 1.40.
    A year ago around the same date (when the DEG price was 1.58 there was a technical analysis with similar conclusions and yet here we are 1 year later and its down 20%.
    DEG is supposed to be a company developing a big gold mine ,this is a very difficult task and requires total focus .It is not a lithium exploration company.
    Let us assume that it could spin off Lithium exploration in its properties for 100 million (which is a ridiculous overestimate) with something like 1.75 BILLION SHARES OUTSTANDING this would only be worth a few cents a share .
    AZM a quality canadian exploration company with a big gold find just drilled a lithium exploration hole ,75 meters at 2.5% lithium .The whole company including its gold reserves and the biggest exploration ground in all Quebec is valued at about 80 million!!!.Now thats a steal compared to overvalued DEG.
 
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Last
$1.23
Change
-0.015(1.21%)
Mkt cap ! $2.935B
Open High Low Value Volume
$1.24 $1.25 $1.22 $6.760M 5.505M

Buyers (Bids)

No. Vol. Price($)
2 7894 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.23 238325 2
View Market Depth
Last trade - 16.10pm 20/08/2024 (20 minute delay) ?
DEG (ASX) Chart
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