I have a lot of faith in this stock, been a long time holder for a few years
Personally I don't think they'd consolidate this stock any time soon and I bet management (Ian) learnt the hard lesson when they did so with GLA and they lost half of their stock value. They own a lot of DDD shares, they'd be stupid to consolidate.
I think many investors forgot we have a substantial gold JORC resource of 180600oz and an existing plant that was operational but is currently being upgraded.
Current price of gold is $2270 AUD per ounce.
180600 x $2270 = $409,962,000 AUD.
Almost half a billion dollar worth of gold sitting under their mines.
Note that market cap now is only $18M, just a fraction of the real value.
I often top up when I have extra money as this is still a bargain and I'm good to hold for a few more years
With Cosmo now dealt with, I believe they will shift the focus back on gold production, especially getting the plant commissioned.
All the best to us
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.030M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $5.26K | 1.057M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 16475367 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4735328 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 16475367 | 0.004 |
28 | 26831370 | 0.003 |
10 | 60200000 | 0.002 |
11 | 90555000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4378676 | 4 |
0.006 | 9061000 | 8 |
0.007 | 6686635 | 8 |
0.008 | 10709612 | 8 |
0.009 | 7255712 | 8 |
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