Please remember that DEG haven't poured one single bar of gold. They have just moved out of the explorer category and into the "mine under development" category. They have always said that mining and processing will not commence till 2025. So far they are right on schedule. I know that this is a TA thread and that technical traders are always looking for omens in the entrails of the chart. But I personally would not expect anything other than sideways trading within a fairly narrow band in line with the POG. That's what we have. I'm holding everything I got (buy in average of $1.12) and I just look to top up if it gets down near $1.10 again. I won't even consider selling until the mine is in production.
Chart - TA, page-3873
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Last
$1.16 |
Change
-0.005(0.43%) |
Mkt cap ! $2.780B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.19 | $1.16 | $5.891M | 5.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13206 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 104100 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |