DEG 5.09% $1.14 de grey mining limited

Ann: Major extension of sulphide mineralisation at Hemi, page-182

  1. 4,175 Posts.
    lightbulb Created with Sketch. 6310
    @goldtowin
    I think there is more downside to come and why I am holding dry powder.
    If last Monday I told people that I was selling all my holdings bar gold and told them which stocks, I would have been written off as an idiot.
    My favourite stocks, adt and bsx, I sold out completely.
    Increased deg and cel.
    A bit early but I can see profit warnings coming, a major slow down in global growth, and plenty of economic stimulus like interest rate cuts.
    We all know what that will do to the GP.
    It was a few years after 2008 gfc onset that gold hit that high and I see similar here.
    There is good reason to hold longer before another cr.
    If these next assays prove what we hope and there is a suggestion of rate cuts, ( which I think will be imminent now ) then the sp of deg should be a little bit higher than it is now. 25c would be a great price to raise.
    It is all speculation as usual and highly right at the moment.
    I have seen people writing about central banks selling their gold.
    I disagree as they can just print more $.
    Gold will be the only value storage again for a while to come imho.
    That's enough speculation from me.
    Kind regards, Wack.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.14
Change
0.055(5.09%)
Mkt cap ! $2.631B
Open High Low Value Volume
$1.10 $1.14 $1.09 $28.49M 25.37M

Buyers (Bids)

No. Vol. Price($)
5 122605 $1.13
 

Sellers (Offers)

Price($) Vol. No.
$1.14 340633 4
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
$1.13
  Change
0.055 ( 4.90 %)
Open High Low Volume
$1.09 $1.14 $1.09 15159628
Last updated 15.59pm 31/05/2024 ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.