actually Netraam,I see first time in my 27 years gold markets experience such a strange behave of the quite success deposit quite questionable management(in my view super negative,the work of geologist is brilliant meanwhile,but things have to be managed with results),we are near 1950$ GP just 100$ off its all time high and DEG price with all A$ sheet value is in its lowest strategic point,rising capital for construction in such levels is killing for the company shareholders.....but i guess somethings cooking behind our imagination,as we already have history in pre announcements of news granting to the hidden private parties investors stock at 4cents on its way to 50-60cents.I have a bunch of juniors in Canada and US,most with 1mln + deposits advanced 3-4 times and corrected 60%,but good companies of this bucket fluctuating only within 10%-good managements,we are currently reflecting 1.10A$ actual price vs last year 1.60A$ and similar gold pick up prices,my guess we are going into correction in gold,but imaging where will be DEG if it makes just 1850US$ per ounce,any way,it should be catastrophic damage for price of stock into 80-70c area,one thing i believe should happened is strong gold price rise after april,hopeful management will not be stupid enough to rise at lowest SP level funds for construction,in which i personally believe only as into theory since we have a good record of the construction plans transfers through the DEG history,any one who survive current Tsunami would be well rewarded as i hopeful we will cross 2200US$ per ounce this year and possibly going much high,no fact DEG will fulfilling our hopes,always expect from this stock hook under the liver!Just pray management make no action issuing or collecting funds during next 6 months,but provide fruitful not diluted update!Current situation sucks,but its just my many years DEG sailor opinion!
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actually Netraam,I see first time in my 27 years gold markets...
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1 | 7549 | 1.365 |
3 | 17949 | 1.360 |
2 | 57549 | 1.355 |
3 | 17278 | 1.350 |
Price($) | Vol. | No. |
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1.385 | 32490 | 1 |
1.390 | 30395 | 4 |
1.395 | 9549 | 2 |
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1.405 | 53734 | 6 |
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