With what we know right now, where the share price is and no real immediate need for cash it only makes sense extend as Morgan suggested.
Don't believe this was management's original plan but our share price is a glaring weakness. With the latest resource increase the disparity to intrinsic value has become even wider.
How DEG management progress from here on out will greatly impact my decision to either stay on board or bail. Transitioning from Explorer to Producer is where management can destroy huge value with tunnel vision.
The business model for putting junior mining companies into production is broken and in my opinion not conducive to sucess unless your highly skilled in financings.
On a side note isn't Clarke could be interesting Blue Moon area nearby and we still haven't found the source of that gold.
With what we know right now, where the share price is and no...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |