Look, your particular entry price aside, this is probably a Good Thing for the company. $22M is a sizeable chunk of money, enough to fund a DFS and a good down payment on a mill. Toweranna is looking like the real deal, and all credit to the team at DEG for reinterpreting it and drilling it like they have. So 34c might not be a great price, but you'll eventually see more than 5c I would think. Eshuys isn't a fool, and people don't snap arms to get in on duds with capital raisings like this. Sure, the conglomerate nuggets are a bucket of hog's poop, but DEG has actual gold in actual rocks.
Ann: DGO: De Grey Mining Investment Commitment Announcement, page-18
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Last
$1.17 |
Change
0.030(2.63%) |
Mkt cap ! $2.804B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.18 | $1.13 | $8.314M | 7.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67363 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 218784 | 10 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |