Ann: Quarterly Cash Flow Report - March 2024, page-16

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NoImSpartacus

336 Posts.

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25/04/24

10:43

Post #: 73509121
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Originally posted by Arh0070: ↑

The propagandists obviously dont like my comments on DEG and are incapable of reading the posting guidelines.
They have all been consistently wrong for the last three years as DEG share price has essentially done nothing and there has been no takeover.
Gb girl has in fact done a good job promoting DEG to give her credit ,she has now been hired to push greatland gold and is posting about it on the GOR discussion page .Not sure what relevance that has to GOR ,the Havierion gold discovery is being sold off by Newmont so they must think it doesnt fit with their plans.Congratulations GB girl on your new assignment.
My postings have been factual ,accurate and rarely attack anyone else .DEG had its big run over three years ago and has done nothing since .It will likely not increase in value until they are close to production ,this is a lifetime in gold mining and many things can go wrong permitting and building such a large and complex plant.NVO has been a disaster for a long time ,whether the DEG geologists (who are superb)will find anything or not remains to be determined .It is a low cost way of entering Pilbara exploration with geologists who have a good track record .Great patience will be required.I dont own it as the big profits in gold mining right now will be in midrange producers who will get taken over and those just entering production.Some of these that I track (mainly Canadian)have had a big run up in the last few months in response to the increase in the POG.
Interesting that DEG has now released an estimate for the start up of the mine in the second quarter of 2026 PENDING regulatory approval.It takes 6-12 months to achieve full production after startup.
I only post when I have something to say and dont believe my comments have any impact on the share price of a 2.5billion dollar company .I am in Fact the only person to post skeptical notes on DEG compared to the avalanche of positive postings .Generally the most profits are made in this space if one takes a contrarian stance or a prospect that is not widely publicized ,so we will see what happens and see if DEG can in fact pull off building a big mine on its own .I can guarantee that it will be a rocky road until profitable production occurs perhaps in 3 years.

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I appreciate your comments and encourage you to continue.

Unfortunately, too many forums on HC are dominated by a Cabal of the sycophantic faithful who won't tolerate anything negative being said about the stock they worship. IMO our chances of making good investment choices depend on us being fully informed about the cons as well as the pros of a stock. You can generally tell a member of the cabal when immediately after a stock takes a nose dive they announce to the world that they have taken the opportunity to "top up". I suppose they would much rather be out of pocket than entertain the possibility that they may have made a bad investment choice.

DEG Price at posting: $1.32 Sentiment: None Disclosure: Held
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0 Great analysis

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