DEG 0.36% $1.39 de grey mining limited

What we need to remember is that approximately 600,000,000...

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  1. 77 Posts.
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    What we need to remember is that approximately 600,000,000 shares were issued at $0.45 and $0.05 about a year ago. And another 100 million were issued at around $0.28 cents a few months ago. It's logical for some of the holders to cash in and sell. Rick Rule says that initial huge run-up always drop by 50% before stabilizing. I'm not suggesting it's going to $0.55 but what's happening is normal in junior mining. People cashed in on 4 to 20 baggers over the last week. The euphoria has subsided for now but a bottom is forming and a we have nowhere to go but up from here. Don't be discouraged and sell. This is still a $2 to $3 stock.
 
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Last
$1.39
Change
0.005(0.36%)
Mkt cap ! $3.319B
Open High Low Value Volume
$1.38 $1.41 $1.37 $5.226M 3.761M

Buyers (Bids)

No. Vol. Price($)
5 79199 $1.38
 

Sellers (Offers)

Price($) Vol. No.
$1.40 31500 1
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Last trade - 16.10pm 07/10/2024 (20 minute delay) ?
DEG (ASX) Chart
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