Usually when the falling price is not confirmed by the commodity it is exposed to, I would cynically observe this ias inside info exploitation. However gold price has been falling and the future broke the psy $1900 yesterday. If you compare the general trend of both, the correlation is very strong.
Unfortunate to bring out a CR in this cycle of late. I have noticed this type of cycle is repeated elsewhere kinda like sell in weakness and celebrate in strength!
On the optimistic side of things, ability to just sell 2 tranches to raise $300M is quite a feat indicating to me there is strong corporate demand v the 'let's give shareholders an opportunity' usual excuse usually when raising is hard.
Usually when the falling price is not confirmed by the commodity...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.09 |
Change
0.010(0.93%) |
Mkt cap ! $2.612B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.09 | $1.05 | $7.418M | 6.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 22760 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 344372 | 13 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |