Yes I agree the junior sector is suffering even with the gold value appreciating. What I am interested in understanding is what will be the stimuli to get the juniors up and running? Will further appreciation in the gold value be the catalyst? If so what sort of increase will be the tipping point. I appreciate that this is a tough question but your thoughts would be appreciated. Or as the abridged article below (Gold Stock Shopping Season David Erfle Friday December 06, 2019 08:53) indicates the next catalyst is going to come from merger/acquisitions from the majors looking to sure up their reserves? Note this article relates to the US although it most probably applies to Australia as well. If that is the case then companies like DEG may be hot property - but the big question is when? Once again your thoughts would be appreciated. Thanks.
Yes I agree the junior sector is suffering even with the gold...
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Last
$1.15 |
Change
0.055(5.05%) |
Mkt cap ! $2.684B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $7.787M | 6.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 223584 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 110607 | 29 |
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| Last trade - 13.37pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |