Fascinating video today on an interview with Tom Palmer CEO of NEM.Confirmed what I have already said that the reason for Newcrest takeover was the tier 1 assets in British Columbia.They are selling off tier 2 assets in Canada,US and Australia.These tier 1 assets contain copper which seems to be the focus of many of the majors interests these days to diversify away from purely gold.This is going to be their focus for many years going forward.ZERO chance they will takeover DEG .Clearly DEG is going to have to go it alone .
Though I am critical of DEG they are superb in two areas .
1)geological team, which has made this tier one discovery .
2)public relations dept which has managed against all odds to maintain the share price above what is justified by its assets .They are probably one of the top pr depts in a miner that I have ever seen.
DEG, page-195
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Last
$1.09 |
Change
-0.045(3.98%) |
Mkt cap ! $2.539B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.08 | $11.18M | 10.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 104610 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 214957 | 43 |
View Market Depth
| Last trade - 15.05pm 30/05/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
-0.045 ( 4.49 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.13 | $1.08 | 1853957 | ||
| Last updated 15.23pm 30/05/2024 ? | |||||
| DEG (ASX) Chart |