One thing that will affect DEG now is the outcomes of FRN, KAI, GSM etc. Whilst those miners have been using the nearology card and watching DEG closely, it will now be DEG's turn to watch them closely.
If either of these nearology plays find gold and refractory ore, then these companies can "chip-in" for the POX Capital, and therefore reducing the DEG capital expenditure and risk.
Of course, at the moment you cannot count any value towards these nearology plays until they find gold, but worth considering in the event that some gold is found (which you would have to think is somewhat likely given the locations and similar soil results found to date).
I understand GSM have results due in three weeks so will be interesting to see what happens there and how that may affect DEG (rather than the other way around finally).
Broker reports, page-4
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.341B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.26 | $2.941M | 2.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18205 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 30568 | 3 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
0.015 ( 0.44 %) |
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| Open | High | Low | Volume | ||
| $1.26 | $1.28 | $1.26 | 1103627 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| DEG (ASX) Chart |