Spot on Johnno. Your point is well taken. Gold remains over AUD$2500/ounce, twice our AISC.
Yet his drivel continues - "the relentless bear market in gold". Gold up overnight. Might be down tomorrow, so what?
The 12 month chart with currencies is also telling, but again at these levels I question the day to day relevance to us (unless you want to seize any opportunity to downramp , we don't hear from him when it puts on 50 bucks).
And he says "DEG is by far and away the most highly valued gold explorer stock in the world." Nonsense, but it will be.
The last time I checked, BGL was an explorer, albeit a bit further along the curve, but still 18 months away from producing, valued at $685M with 3.1Mozs for $200+/ounce, twice DEG. And please, let's not bother with comparisons to explorers in junta regimes!
GLTAH!
Ann: Ceasing to be a substantial holder, page-22
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Last
$1.15 |
Change
0.035(3.15%) |
Mkt cap ! $2.744B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.15 | $1.12 | $4.455M | 3.928M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20440 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 29097 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |