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.
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Last
$1.11 |
Change
-0.025(2.21%) |
Mkt cap ! $2.620B |
Open | High | Low | Value | Volume |
$1.12 | $1.14 | $1.10 | $3.290M | 2.956M |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 82763 | $1.10 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.11 | 92663 | 33 |
View Market Depth
No. | Vol. | Price($) |
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9 | 82763 | 1.100 |
29 | 302573 | 1.095 |
37 | 360894 | 1.090 |
18 | 255616 | 1.085 |
25 | 216479 | 1.080 |
Price($) | Vol. | No. |
---|---|---|
1.105 | 92663 | 33 |
1.110 | 159018 | 24 |
1.115 | 261821 | 21 |
1.120 | 66536 | 13 |
1.125 | 96125 | 7 |
Last trade - 10.42am 30/05/2024 (20 minute delay) ? |
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Last
$1.10 |
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Change
-0.025 ( 2.95 %) |
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Open | High | Low | Volume | ||
$1.12 | $1.13 | $1.10 | 479842 | ||
Last updated 11.00am 30/05/2024 ? |
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