briefly....T/O can happen at any time or JV, but most likely once our resource is close to being officially defined as tier 1, with some preliminary metallurgical definition. important to note that the stock is reasonably tightly held with DGO’s blocking stake. So a T/O requires significant buying on market first.
The strength of buying augers well for continued growth and suggest we’re being accumulated by gold funds and potentially one or two gold majors rivalling for a seat at the table.
Factor the macro conditions in the global financial & gold sectors. The major’s reserves are dwindling in a time that’s projected to enjoy a new 7 year Gold bull run. Some analysts project $3-5000 usd Oz. This price will feed the Majors expansion plans, it’s easier for them to buy gold reserves via M&A than exploration.
There’s a lot of reading ahead of you, but the dots are all out there.
good luck.
briefly....T/O can happen at any time or JV, but most likely...
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Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33645 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 12149 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |