DEV

3.28%

29.5¢ devex resources limited

I have a 3rd theory.chn after its recent ann, actually drifted...

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JohnTCH

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13/09/20

21:21

Post #: 47305937
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Originally posted by tretchikoff: ↑

Perhaps what happened with CHN is relevant here, even what happened with LTR. What I mean is the market cap growth of these companies from their initial previous resting points.

I don't know where CHN used to hang, in the teens I think. LTR was in the 2s for years (I was invested way back then too) and we (DEV) were in the 4s for a long period.

But its the market caps you compare, if a company has a heap of shares or few shares its just bad luck or good luck for the shareholders..the less the better obviously.

So on current market cap CHN is 442 mil
LTR 267
and us DEV 78

We are the only one to not have proven minerals, yet, but I don't think thats for much longer.

I imagine its Tims ambition to get DEV to something around the MC of the other companies and he will keep putting great projects in front of the company and employing great staff (like Brendon who discovered Basin Creek for us) until little brother DEVEX catches up with its siblings.

Its Tim company of personal greatest percentage shareholding, there is plenty of incentive to make sure it happens for DEV besides just his driving ambition to make new mineral discoveries.

If Tim can get DEV to a MC somewhere between the other two companies thats a four bag and a half from here or around $1:50 a share.

This won't happen without a really good strike at Basin Creek, one of the other gold targets in NSW or at Sovereign Hill WA but all those targets are strong IMO.

It will take luck from here and a bit of time.

But the same guy driving our company has gotten his other two companies there already, he has form and his form is very good.
We have very good targets in hot ground and hot sectors of the market. But this is still a speculative share.

I think Tim is driven to see all companies succeed and I won't spend any time on the other stocks but he obviously wants to get all three stocks to much higher levels of success and market cap.

Look at the three numbers in the little column above and we are the odd one out. We are also the stock with the fewest shares on issue.

I think these points are finally sinking in to the market and people have digested Tim prior successes and its implications for the likely future of DEVEX.

Now we just need those two things I mention often, luck and patience.

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I have a 3rd theory.
chn after its recent ann, actually drifted back a bit? if I m not wrong. but it recovered a little last Friday.

maybe profit taking and those profiteers must be thinking like us - devex is TGs other company, let pour some liquid in there. I hold Ltr too, and happy it tracked up a bit ... thanks TG

DEV Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 29.5¢		Change -0.010(3.28%)		Mkt cap ! $130.1M

Open	High	Low	Value	Volume
30.0¢	30.0¢	29.5¢	$68.46K	230.4K

Buyers (Bids)

No.	Vol.	Price($)
4	92866	29.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	2500	1

View Market Depth

No.	Vol.	Price($)
3	87291	0.295
4	126996	0.290
3	59378	0.285
6	164458	0.280
6	192623	0.275

Price($)	Vol.	No.
0.300	2500	1
0.305	4437	1
0.310	127551	3
0.315	101169	2
0.320	41000	3

Last trade - 16.10pm 12/07/2024 (20 minute delay)

DEV (ASX) Chart

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