DEG 4.76% $1.21 de grey mining limited

Ann: A$31.2 Million Capital Raising, page-174

  1. 4,222 Posts.
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    Morning all.
    I was just looking at the overnight gold performance.
    Currently sitting at $1687 as I write but has been down a bit lower.
    I see some pessimistic comments about possible lows and thought I would give my 2 cents.
    Impulse A & B line up and show respect to where we bottomed overnight.
    I would like to see that as the bottom.
    But, We could see a retrace to 38.2 on the A impulse move which would give us a low of around $1635 and also lines up with 61.8 on impulse B.
    In the end, as an explorer, who cares as long as it resumes it's upward trend as we define a much larger resource in the mean time.
    Looking forward to the next ann to confirm further growth, both in step out and depth, ( depth I expect some confirmation soon from dd ).

    Kind regards, Wack.

    https://hotcopper.com.au/data/attachments/2129/2129176-b8c70326b5ce7afd50790351344a347c.jpg
 
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