DEG 5.23% $1.36 de grey mining limited

Chart - TA, page-2578

  1. 652 Posts.
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    Someone must have been listening .Tony Makuch has just been appointed as a special adviser to the board of another gold company (in production) with its major mine in Australia .
    Gold prices are currently under pressure .
    Not one of the Deg booster club answers the simple question Where is the money going to come from to build a mine ?
    Borrowing costs have doubled in three months .
    Degs share price is currently declining .
    Inflation is very high in the mining industry and there are severe supply of equipment constraints .
    How Will Deg raise a billion dollars to build a mine ???
    irrespective of what price I sold my Deg at (and I made a nice profit) though did sell early and for good reason ,these questions deserve an answer .
    Even established mining companies are struggling to open new mines at this moment in time .
    It seems pretty obvious that DEG is not going to be able to go it alone ,given the current macro environment in the world which is deteriorating.
 
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Last
$1.36
Change
-0.075(5.23%)
Mkt cap ! $3.259B
Open High Low Value Volume
$1.39 $1.39 $1.35 $9.560M 7.006M

Buyers (Bids)

No. Vol. Price($)
1 10000 $1.36
 

Sellers (Offers)

Price($) Vol. No.
$1.36 262238 5
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
DEG (ASX) Chart
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