DEV - Chart

Well this is working out the way that I really  hoped it didn't....

The first chart was saved on the 16th August 22....
It wasn't posted because of the flack it would have created at the time.....

For the historians
2nd 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

So if history repeats with DEV like it has up until now  then 2nd November (Melbourne cup day is on the first) or there about's we will should stop going down....

but with markets the way they are who knows?????

It was a good announcement this week and they are trying hard with lot's of drilling and 20 million in the bank now to fund it...

The break down today on volume is a concern - investors or SI's privy to the CR  are exiting and with the wet season in the NT about to start in November  through to April the golden grail or whatever you want to call it needs to be found in the next round of drilling......otherwise April next year.....

Nangus rd drilling to start in December but anything other than exceptional results in this market environment will not create the moves we had before the markets fell apart....

Anyway bottom draw for a while...IMO GL