If they want this down, the sell depth will stack up.
If they want this up, the sell depth will suddenly evaporate.
With no news, this won't attract new buyers, punters get bored, sell and move on to the next best thing.
Many other small cap Cu plays are getting smashed worse than DVP ~ perhaps an opportunity to consolidate?
The BGL contract cashflows is what's holding the SP from cratering. FY24 Forecast Revenue A$125-130m (mining services). If 50% margin, that's $60M earnings on one contract on 200M shares - that's 30c EPS. If trading at say 20x EPS, it still supports around $6 SP come 2024 - excluding SS WL etc.
Three more weeks to the end of the March quarter, then three more months to FY24.
13M options to be converted by 22-June - surely the wave of news flow should happen before then to support the SP.
DVP Technical Analysis, page-722
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Last
$1.94 |
Change
-0.040(2.03%) |
Mkt cap ! $525.2M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.03 | $1.94 | $16.01M | 8.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19858 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 5829 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| DVP (ASX) Chart |