I actually don't mind DEG as an investment. I think it will have alot going for it once it goes through the hardships of explorer to producer. Every company has those transition issues.
My problem is management are taking the absolute piss now. They clearly have no intention of actually doing anything and will spend every cent available to them rather than distribute a dividend. The best thing that could occur would be a takeover but don't expect management to endorse an end to the gravy train.
A good quarter and a rise in the gold price and I will close the book on this company. Been in it too long with no tangible result.
Ann: Quarterly Activities Report - June 2024, page-17
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Last
$1.75 |
Change
0.028(1.60%) |
Mkt cap ! $1.874B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.75 | $1.68 | $4.699M | 2.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 26629 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 52111 | 16 |
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| Last trade - 12.02pm 02/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |