You bring up a very good point that all comes back to basic project management and economics. I'm very long this stock and with good reason when it comes to potential. My only complaint thus far with management is there inability to sell this story to big market players. Thier long term single minded belief that only JORC matters is short sighted. Any team can build a resouces if you pound enough holes in the ground. I see a lack of skill and vision in how to finance a highly successful junior.
By DEG's own admission it's peers (Presentation) trade at the avg price of 79 Aud/oz. After the latest Towerarra we S/B at 1,300,000. This equates to a MC of at least 100 million AUD
In my opinion, between now and the point of production 1 executive from DEG needs to be out selling this project to institutions. (taking shares off the market)
If DEG management can't get the MC above 100 Million, I would prefer to do a deal like you are suggesting. Buying a 100 million plant with a .15 -.20 Cent stock is a waste of 5 years work and incompetence.
This team needs to hire some people, double drilling plans an get serious about lithium and WHO holds thier stock. Like, really man, look at the current state of DEG trading. It's all weak, short term, retail. Down right pathetic.
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Last
$1.07 |
Change
-0.025(2.28%) |
Mkt cap ! $2.564B |
Open | High | Low | Value | Volume |
$1.09 | $1.10 | $1.07 | $7.814M | 7.263M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 98271 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.08 | 14861 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2830 | 1.065 |
6 | 41150 | 1.060 |
4 | 39174 | 1.055 |
15 | 143447 | 1.050 |
2 | 20762 | 1.045 |
Price($) | Vol. | No. |
---|---|---|
1.080 | 11443 | 1 |
1.085 | 66443 | 3 |
1.090 | 61443 | 3 |
1.095 | 16943 | 4 |
1.100 | 23313 | 4 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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