Increase in debt facility is because the cost of the plant is rapidly increasing .Expect two increases each at least 35%.Companies rarely put out bad news like that until they have to .
Australian economy is really struggling right now.
Markets are on an absolute knife edge right now with General markets technically very close to a crash signal .
Gold within a couple of dollars of an all time breakout.Gold is up much more than stocks.We will see if a breakout occurs(in US dollars).
Lots of money is flowing into Cryptos taking away from Gold ,they will crash if the general market crashes.
I am buying protection in terms of short term UVIX options.
Deg will be very vulnerable to a crash ,it will affect banks .
To build. 900,000 ounce plant will cost at least 3 billion dollars.
No news on permitting .
Plant is at least 3 years away before profitability.
Even majors are hesitant about committing to huge plants right now .
DEG in a trading range.Overpriced by at least 50% or more compared to peers.
Inevitable that thier will be more share sales to cope with rapid increase in cost of building plant ,probably at least 300-500 million dollars Au .No bank will lend money for a plant with 90-100 %financing unless they want to go bust.
Increase in debt facility is because the cost of the plant is...
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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 |