Why not go back almost 4 years ago to the early days of the DEG...

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englfc

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11/01/24

02:40

Post #: 71822858
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Originally posted by Arh0070: ↑

I thought it might be interesting to go back in time .Lo and behold just over 3 years ago (when DEG price was about 1.15$)there was a technical analysis (which doesnt work on penny stocks )with 40 upvotes predicting a strong uptrend.Here we are three years later and no uptrend has developed just a trading range between 1.10 and 1.40.
A year ago around the same date (when the DEG price was 1.58 there was a technical analysis with similar conclusions and yet here we are 1 year later and its down 20%.
DEG is supposed to be a company developing a big gold mine ,this is a very difficult task and requires total focus .It is not a lithium exploration company.
Let us assume that it could spin off Lithium exploration in its properties for 100 million (which is a ridiculous overestimate) with something like 1.75 BILLION SHARES OUTSTANDING this would only be worth a few cents a share .
AZM a quality canadian exploration company with a big gold find just drilled a lithium exploration hole ,75 meters at 2.5% lithium .The whole company including its gold reserves and the biggest exploration ground in all Quebec is valued at about 80 million!!!.Now thats a steal compared to overvalued DEG.

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Why not go back almost 4 years ago to the early days of the DEG run, and discuss how you believed the share price would half to about 10c, but instead a few months later it reached $1.60?

You've been going on about it being overvalued since your dreadful prediction.

Last edited by englfc: 11/01/24

DEG Price at posting: $1.23 Sentiment: Hold Disclosure: Held
19 Upvote

0 Great analysis

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