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1.27%

$1.17 de grey mining limited

Ann: Quarterly Cash Flows Report - December 2023, page-17

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ghosta

2,362 Posts.

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27/01/24

10:03

Post #: 72086666
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Originally posted by Arh0070: ↑

Sayonara Lithium.
news report online today that multiple Lithium projects are being cancelled due to decline in price of Lithium.
Australian mining group has had meetings with the government requesting a 10% lithium mining credit.
So what does DEG have .
No takeover (too expensive)
No Lithium.(severe price decline).
Gold exploration for reserves that wont be produced in anyone’s lifetime .
Plant to be built whose cost estimate is currently 1.35 billion(and going higher) which is not permitted and financing is not in place .
POG currently falling .
cash burn rate of around 10million a month with no source of revenue for the foreseeable future.So current cash will be gone in 3 years not including expenditures on the plant .Another 300 million share financing is inevitable sometime in the next 2 years share count will get over 2 billion!!!!
Banks will not finance 100% of the mine .

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If you think the POG is falling when its in an uptrend, then its fair to say you might be pretty clueless about the gold sector and DEG!

Hilarious nonsense post!

DEG Price at posting: $1.20 Sentiment: Hold Disclosure: Held
20 Upvote

3 Great analysis

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(20min delay)
Last $1.17		Change -0.015(1.27%)		Mkt cap ! $2.701B

Open	High	Low	Value	Volume
$1.18	$1.20	$1.17	$23.59M	20.14M

Buyers (Bids)

No.	Vol.	Price($)
9	106354	$1.17

Sellers (Offers)

Price($)	Vol.	No.
$1.17	956281	6

View Market Depth

No.	Vol.	Price($)
8	77000	1.165
8	511227	1.160
9	239211	1.155
19	207252	1.150
8	94410	1.145

Price($)	Vol.	No.
1.170	942292	4
1.175	597700	4
1.180	1264153	9
1.185	107694	6
1.190	653856	6

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last $1.17			Change -0.015 ( 0.80 %)
Open	High		Low	Volume
$1.18	$1.20		$1.17	6245928
Last updated 15.59pm 17/05/2024 ?

DEG (ASX) Chart