Fundementals are fundemental. Work out your tolerences and what trigger/ drivers you are looking for. Trade accordingly.
DEG is at the start of the development stage. So lots of pfs/dfs/ mine studies to come before any re rating.
based on fundementals the updated MRE to me is $2 to 2.5b gold in ground. Market did not re rate based on this due to macro economic news but the way i look at it, DEG has 2 5b in the ground at $200usd PoG prooven. So i have to wait a little longer, so what.
I am not sitting here for a 10c to 100c run. Im sitting here for the next tier 1 gold producer with a life of mine of 20yrs of dividends, think newcrest etc
Chart - TA, page-2694
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Last
$1.38 |
Change
0.020(1.47%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.35 | $7.060M | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1452 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 125540 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |