DEV 3.23% 30.0¢ devex resources limited

Here it is... and resuming trading on Friday 13th to rub salt...

  1. 2,395 Posts.
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    Here it is... and resuming trading on Friday 13th to rub salt into the wound...

    "Still think it was an attempt to drive the share price up using a technical break and the fundamentals of the announcements to increase the momentum that backfired....

    They have a lot of drilling over multiple projects happening all at once and will be keen to add to their coffers sooner rather than later IMO..."

    Last one (CR) was at 0.34c and priced at....
    17.1% discount to last trading price - NOW that would be= 0.27.2c
    14.3% discount to 5 day VWAP - NOW that would be = 034c
    8.9% discount to 10 day VWAP - NOW that would be = 0.31c

    So around 0.30c you would think.....Could be 0.28c a 20% discount to last trading price....

    Wet season about to start in NT so drilling will stop shortly until April - May next year...

    Last CR the shares bottomed at 0.22c some 6 months after the CR at 0.34c..

    Into the bottom draw for a while this one will go IMO....GL

    For the historians
    3rd last CR (before the recent one) was on the.....

    26th May and took until the 05th July
    to get back to the CR Price of 0.32c
    Or 6 weeks then fell for 5 weeks afterwards or
    30% below CR to 0.22c

    Total 11 weeks

    And the last one once below the CR price of 0.34c it took 6 months to get back to that same price....
 
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
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