DEG 2.06% $1.19 de grey mining limited

Great analyses,but DEG has not even built strategy in this case...

  1. 634 Posts.
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    Great analyses,but DEG has not even built strategy in this case like it never had such,for example I did contact management many times on share repurchase at corrections,but they are busy with its own salaries.....so DEG has no strategy to protect investors,but overblown issue of the shares balloon which will explode in front of our eyes so quick ,that we would be not able to sell even a part of the shares to offset losses!Producers at least can send dividends or gold cash to its shareholders,while DEG can send to you offer for new shares issue at discounted price....thing you will see soon!While "excellent job" made by management did not took into account sky rocket growing prices for everything in parallel with falling A$ value and DEG SP,we are exposed to DEG stupidly prolonged exploration idea to evaluate 2000km2 land,which may take a century at current timing and stock devalued into new low during current shares printing:current MC insure SP unable to rise ,but able for quick free fall,promises of management not coming into the line,its too slow,too low and too late,so share price decline of 50% makes last two years efforts senseless.....imaging from which funds plant for 2025 production would be made?Taking the levitated attitude of spending investors money by management,we can find shares diluted back into 2013,tell me who of you dreaming about lets say just 10:1 split?Not talking we can easy to reach 2013 200:1 "consolidation split" as some guys love here to mention,how it can be?Similar as share holding capital was blown from 200:1 reverse split into dilution of 13 or from 100mln shares post split into 1.3bln shares in matter of the 3 years,thanks to our Broker director!And now we are with 1A$ fiat price per share and 9mln ounces and 1.3bln shares-from 2bln MC into 1.3bln MC,any one with good mathematics understanding situation!We must demand management cut on salaries blown by 50% over previous and to work hard to bring expectations they promised into reality or to ask this management to step down as one which spending more that produce!Specially Glan who was coming on cheap shares to produce kind of WoW,but did what most gangsters do-grab available money leaving much promises,should investors of DEG to be isolated on lock into shares for the next couple of years while management in its mantra meditation unable to make progress???
 
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Last
$1.19
Change
-0.025(2.06%)
Mkt cap ! $2.852B
Open High Low Value Volume
$1.20 $1.22 $1.19 $5.423M 4.522M

Buyers (Bids)

No. Vol. Price($)
4 45410 $1.19
 

Sellers (Offers)

Price($) Vol. No.
$1.20 1000 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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