DEG

0.84%

$1.18 de grey mining limited

Ann: Completion of Bookbuild for Fully Underwritten A$130 millio, page-12

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Onthemoneyhoney

403 Posts.

245

08/10/22

11:56

Post #: 64097140
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Originally posted by Arh0070: ↑

Well in the real world the exact opposite has happened in Wall Street trading today.
With a name like gb girl you must surely be aware as to how bad things are in the UK and most of Europe courtesy of Mr Putin.
Gold bear resumed today,FNV one of the best royalty stocks out there and dividend aristocrat was down 5% in trading ,this is a big move for Franco.
I have in fact been a gold bug for nearly 40 years but the current market situation is so bad I am by no means certain that this is the bottom ,one would think that it is close to a bottom as gold markets worldwide have been decimated.DEG has in fact held up better than most but is down significantly from its high .At the first sign of bad news DEG will tank.There are 1.4 BILLION shares out there with perhaps another 1.5billion to be created to fund the plant and operate it until it can make a profit .Profitable production after a plant like this starts production in general takes 18 months minimum.
There is no question that DEG was a great investment for early investors but how about now ,there is zero chance that it will perform as well going forward as it has over the last 3 years or so .
There is really nothing to move the stock up for the 5 years it is going to take to establish profitable production .So if you bought at 5 cents the sensible thing to do would be to sell half and ride the rest and that is what the smart money has done ,for a new investor I wouldn’t touch it with a 10 foot pole ,too many risks and uncertainties going forward ,for the last 2 years it is in a trading range ,what could possibly move it up ,more ounces in the ground that wont be produced for 20 years ,I don't think so.
I realize I am a lonely bear on DEG ,rallied against this opinion are the multitude of paid and unpaid boosters all of whom have a vested interest in a rosy scenario.
Time will tell who is correct ,for now DEG has the money to operate for a couple of years, but no money yet to build a plant which will almost certainly cost 1.2-1.5 billion dollars to build no matter what the pre feasibility study says .One suspects that the two directors resigned as they were not in agreement with the cost estimates for the plant but that is pure speculation on my part .

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Everything you say is pure made up rubbish and negative speculation. It must kill you that you sold around 20 cents! SLR have 4 underground mines and produce less than half of what DEG will produce from one open pit . They also have less than half the gold that DEG has currently with every chance to double that number again over time.....Going long on this stock is and will be a game changer. As for the depleting expensive SLR I will leave that to you......... Have a nice weekend all....

Last edited by Onthemoneyhoney: 08/10/22

DEG Price at posting: $1.06 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.18		Change -0.010(0.84%)		Mkt cap ! $2.828B

Open	High	Low	Value	Volume
$1.20	$1.20	$1.18	$7.303M	6.165M

Buyers (Bids)

No.	Vol.	Price($)
14	263586	$1.18

Sellers (Offers)

Price($)	Vol.	No.
$1.19	20000	1

View Market Depth

No.	Vol.	Price($)
14	263586	1.180
8	126410	1.175
9	130019	1.170
4	185126	1.165
7	53648	1.160

Price($)	Vol.	No.
1.185	20000	1
1.190	24597	2
1.195	57308	6
1.200	143847	3
1.205	119535	3

Last trade - 16.10pm 26/07/2024 (20 minute delay)

DEG (ASX) Chart

Ann: Completion of Bookbuild for Fully Underwritten A$130 millio, page-12

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Ann: Completion of Bookbuild for Fully Underwritten A$130 millio, page-12

Top Stories

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Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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Featured News

Buyers (Bids)

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Featured News