I understand it can be frustrating to see the SP still sitting at where it used to 6 months back, even after so much positive news flowing through.
The market is not going to re rate a company solely on the basis of having these high grade resources in the ground. The market has heard this over and over again over the last 10 years and now requires physical resources out of the ground, not only on paper.
DEG is on the right track by having started the scoping study with results due around December. Hopefully it can start milling soon, following which a re rate of the SP is assured in my opinion.
For all those who are bored and require an adrenaline rush or a quick return, try trading Forex. I do, and its fun.
Ann: De Grey Identifies 50 kms of Under Explored Shear Zone-DEG.AX, page-32
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Last
$1.08 |
Change
0.015(1.41%) |
Mkt cap ! $2.588B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.07 | $21.52M | 19.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101100 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 18723 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |