DVP 7.56% $2.08 develop global limited

Technical SP indicators support a continuation of the upward...

  1. 2,236 Posts.
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    Technical SP indicators support a continuation of the upward trend.
    The stock has been sufficiently promoted (three broker reports, RRS presentation, media articles etc).
    More price sensitive announcements should be hitting next few weeks / months:
    SS DFS due end of the month
    Probably some more WL drill results
    Fourth jumbo should land at BGL this month, then Sep quarterly revenue should be ~$30M?
    If LTR, CSA contracts, then revenue could be >$50M by Dec quarter?

    Euroz Hartleys (17-May): “We initiate with a Buy recommendation with a valuation of $3.57, and a price target of $3.90.”
    25% Score for Key Performance Area = $3.93
    SP52-Week High $4.
    With each announcement it looks highly likely this will be achieved imminently. Bonus time soon?

    Canaccord $5 price target.
    183M shares by 18-July (no further options dilution until next year), if $5 SP = $914M market cap.
    Can $50M revenue (by Dec), financed WL and SS support this?
 
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Last
$2.08
Change
-0.170(7.56%)
Mkt cap ! $536.7M
Open High Low Value Volume
$2.19 $2.24 $2.08 $1.754M 818.7K

Buyers (Bids)

No. Vol. Price($)
2 3801 $2.07
 

Sellers (Offers)

Price($) Vol. No.
$2.14 3801 2
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Last trade - 16.10pm 05/08/2024 (20 minute delay) ?
DVP (ASX) Chart
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