When it comes to FA, anything is possible with the history of drill results to date. There have been an on going debate of whether FA or TA leads and which one is better. Frankly the future can only be time tested and no tools that I know of can give you the direct insight. IF you are referring to the odds then that is a different matter, much more in the realms of how market functions I think.
Something to be aware from my experience in this sector is that the gold price is only a guide on the daily valuation fluctuations, more for the sentiment of the pip traders. DEG technically is stil a spec, not yet making any cash flow and whatever resource has yet to be proven when the first shovel initiates.
I was simply looking at one side of the story, what the market is prescribing between the bulls or bear controlling the trend. The Fundamentalist either thinks based on the market cap this is a bit expensive or for a reason, outside my scope of discussion.
As others have opined, that $1.60-ish is looking more likely than not based on the $1.30 breakout. Good luck to us all.
When it comes to FA, anything is possible with the history of...
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Last
$1.25 |
Change
-0.020(1.58%) |
Mkt cap ! $2.304B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.24 | $3.401M | 2.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 204620 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 16478 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.25 |
Change
-0.020 ( 1.73 %) |
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| Open | High | Low | Volume | ||
| $1.27 | $1.27 | $1.24 | 847862 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DEG (ASX) Chart |