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dolcevita

30,380 Posts.

1861

09/05/24

14:58

Post #: 73745072
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Originally posted by NoImSpartacus: ↑

Don't be silly. This CP is huge and has been partly designed to lock in retail traders with nowhere to run (except possibly a tax write-off) for the next 5 years or so. After Friday they will likely see their investment savaged and its unlikely to recover until DEG is much much closer to production. 3 yrs at a minimum IMO (the days of "On Time and Under Budget" are over , esp with a project like this one which is huge, complicated and full of risk, vacuuming up money).

If you think this last move isn't seriously detrimental to retail traders to grease the palms of the institutions and "sophisticated investors", you're seriously in denial. This could have been played differently. DEG could have actively sought out a JV with a Tier one player or planned for a smaller production facility and used income to grow it. This would have taken advantage of the current GP (Be rational. We don't know where the GP will be in 3 years, despite the many baseless predictions made by the sycophantic faithful who have zero way of knowing, except for some gut feeling most likely caused by their breakfast weeties going down the wrong way). This would have also allowed retail investors a share in the spoils (who are far more susceptible to time constraints than institutions etc) rather than as it is now largely targeted to the institutions and SIs. Despicable IMO

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The situation is complicated. It seems like retail investors routinely get savaged, all you can do is try to head it off at the pass and/or follow the serious money.
The POG is a key element to the forward direction but it's not the only one. There is also adding to the resource. There are the economics of open cut.
Plus it's not solely about gold is it? Not with Li looking very prospective.
The size of this is colossal, and I acknowledged this in a post to someone else.
It's important to stay calm. I'm suspicious of anyone who lobs insults and seems to be about striking emotions whether it be fear, or other ones.
I posed a question, but you insult. Noted.

Last edited by dolcevita: 09/05/24

DEG Price at posting: $1.27 Sentiment: None Disclosure: Not Held
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