Looks like it will take more than just announcements to get DEG back above $1.00.
Will it ever happen again?
The DFS is going to be in the hundreds of millions and it makes sense that EVN are aiming for the already established miners in Red Lake and Tropicana.
Shareholders will have to carry the execution risk on this one and the recent flurry of annoucements just can't seem to prop the price back above the cap raise at $1.20.
So more debt coming and yet to turn a profit or generate takeover interest.
Glad I sold out above US$1800 an ounce.
Above is not financial advice and my opinion only.
Evolution ignores DEG for Tropicana
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Last
$1.05 |
Change
0.020(1.95%) |
Mkt cap ! $2.504B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.05 | $1.02 | $6.125M | 5.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 32879 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 44367 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |