DVP 2.40% $2.13 develop global limited

DVP Technical Analysis, page-558

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    https://hotcopper.com.au/data/attachments/4986/4986233-211bf8d1cf9e658a439c6eb2c2cdb169.jpg
    If you look deeper into the cash deployment vs value creation you will see that this machine is being run expertly by a guru.

    While the cash position is declining, the SP and market cap has actually been increasing. This is exactly what you want to see as an investor, the company money being well spent to create shareholder value.

    The customer receipts more than cover the staff costs. The rest of the money is pretty much spent on investing activities such as buying equipment, exploration and Woodlawn. No doubt, the improved Cu Zn commodity price outlook helped as well.

    This quarter they are operating 3 jumbos, which should generate about $18M revenue.

    Add in the money options: DVPAZ EXPIRING 22-JUN-2023 EX $0.675 14,254,316 = $9.62M

    Upcoming drilling results / reserve update should move the needle enough to support the SP for any further raising if needed.
 
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Last
$2.13
Change
0.050(2.40%)
Mkt cap ! $562.5M
Open High Low Value Volume
$2.10 $2.18 $2.10 $360.0K 167.6K

Buyers (Bids)

No. Vol. Price($)
19 10078 $2.11
 

Sellers (Offers)

Price($) Vol. No.
$2.13 7315 4
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Last trade - 12.53pm 12/09/2024 (20 minute delay) ?
DVP (ASX) Chart
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