This had proven to be a double edged sword for DEG.
DEG have never successfully mined a single nugget at this stage - the core business model is going to need more funds in the short term for this baby to survive. The new iron ore tenement is potentially an exciting chapter in the DEG story. Certainly a real positive for the company if they intend to keep it - problem is this will obviously also require raising capital for this to go anywhere. Both scenarious are going to further dilute the SP value in the short term.
all gone quiet, page-7
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Last
$1.22 |
Change
0.075(6.55%) |
Mkt cap ! $2.900B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.19 | $9.503M | 7.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 72 | 204143 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 152141 | 27 |
View Market Depth
| Last trade - 14.57pm 13/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |