DEV 0.00% 28.5¢ devex resources limited

Agree - This is Maiden Wide Spaced Air Core drilling into a...

  1. 2,405 Posts.
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    Agree - This is Maiden Wide Spaced Air Core drilling into a large scale target....
    And was never going to be able to guarantee a discovery
    Go back and look at DEG maiden A/C results in 2019 those results sent the price up to 0.056c with 1 Billion plus SOI - And with much DD and R/C exploration drilling later now they are $1.56

    DEV have some great opportunities and if it was so easy - Cadia-Ridgeway's would be discovered each month of the year...

    The initial sell down was to be expected.....
    A lot of dumping and a close in the low 0.30's will create a bearish Harami pattern




    A close above 0.37c (Oct 20 high) could set us up for more gains and would be a good day's result IMO

    DEV are at a 95 million mkt cap (0.34c) CPN is $134 million and CHN 2.6 Billion approx


    We have broken out and up from a long term consolidation pattern that will only be negated with a close below 0.315c - even a hit or close at this level could be termed as a retest..

    Currently starting to claw back - GL

    26-05-2021 888888888888888888888888888888888888888.png
 
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