Yea great mate of course DEG has better results and location than TSO the price reflects this. DEG is 10x more expensive than TSO which reflects the fact that DEG is far ahead of TSO in terms of development position. You're buying into TSO for the potential, every big dog was a $140m company at some point so you capture the run up. If you think it's a dog stock then just leave you don't hold this anymore by your own words so why are you still here? Move on and buy something else.
Regarding announcements not moving price I like to think of it as a spring, every announcement is compressing said spring. Price action is lackluster at the moment due to negative sentiment across the industry, DEG had a cap raise at 1.30 for $100m and they're somehow trading at 0.995 so not suprising that comparatively junior explorers are not seeing any movement.
Once positive sentiment returns it'll be like the pressure releasing from the spring. Hopefully we'll see that soon with xau/usd back at 1864 and the fed saying that they wont stop yield curve control and buying bonds till a recovery.
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Ann: $21 million capital raising to underpin exploration, page-96
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $52.81M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.3¢ | $7.143K | 213.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 135626 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 150000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 135626 | 0.032 |
5 | 2715131 | 0.030 |
1 | 500000 | 0.029 |
1 | 100000 | 0.028 |
2 | 167037 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 150000 | 2 |
0.037 | 397079 | 3 |
0.038 | 1051207 | 3 |
0.039 | 1072080 | 3 |
0.040 | 1065399 | 4 |
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