Australia's largest stock trading and investment forum Australia's #1 stock forum

DEG

Click for more information

2.86%

$1.10 de grey mining limited

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

First 17 Last

Share
Profile

Follow
ghosta

2,363 Posts.

403

27/01/24

10:03

Post #: 72086666
Share

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 .

Expand

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

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 17 Last

Add DEG (ASX) to my watchlist

(20min delay)
Last $1.10		Change -0.033(2.86%)		Mkt cap ! $2.556B

Open	High	Low	Value	Volume
$1.13	$1.14	$1.10	$3.531M	3.165M

Buyers (Bids)

No.	Vol.	Price($)
68	364237	$1.10

Sellers (Offers)

Price($)	Vol.	No.
$1.11	209562	83

View Market Depth

No.	Vol.	Price($)
68	363296	1.100
27	215078	1.095
23	194503	1.090
12	121036	1.085
23	180057	1.080

Price($)	Vol.	No.
1.105	209562	83
1.110	123066	29
1.115	96579	21
1.120	133915	16
1.125	158938	16

Last trade - 14.39pm 03/06/2024 (20 minute delay)


Last $1.10			Change -0.033 ( 3.28 %)
Open	High		Low	Volume
$1.13	$1.14		$1.10	1008128
Last updated 14.57pm 03/06/2024 ?

DEG (ASX) Chart