sting1.
Two reasons to short (off the tpo of my head): a) if an insto, or other miner are outside looking in, and they see DEG's potential, maybe they want in. Like retail they'll want the best -- lowest -- price, so try to beat it down, then buy, and; b) The POG does come down, it can be bad-volatile, and the CoTs* are almost permanently short.
I'm certain others here have further motivations to short, eg. build risk in the near/mid-term, ie. an operating mine nearing its commissioning is fraught with risks from technical processing/operational issues. Also, who knows the POG as completion nears its end. Finally, but not last, if the miner has a horrendous hedge position it's noy capturing the full POG moves up, but it is paying debt.
That's a start.
OV
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* Note on the CoTs, being perpetually short it is the trend of inrease-decine of those poositions to consider.
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Last
$1.18 |
Change
-0.020(1.67%) |
Mkt cap ! $2.816B |
Open | High | Low | Value | Volume |
$1.18 | $1.19 | $1.17 | $2.929M | 2.491M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30988 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.19 | 75504 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30988 | 1.175 |
6 | 92715 | 1.170 |
7 | 154766 | 1.165 |
11 | 67979 | 1.160 |
2 | 22808 | 1.155 |
Price($) | Vol. | No. |
---|---|---|
1.185 | 75504 | 10 |
1.190 | 41416 | 2 |
1.195 | 12754 | 1 |
1.200 | 26275 | 6 |
1.205 | 17754 | 2 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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