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
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $7.266M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $3.073K | 497.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 15558182 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 5798632 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 15558182 | 0.006 |
28 | 28768786 | 0.005 |
19 | 24198087 | 0.004 |
37 | 36658050 | 0.003 |
7 | 38500000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 5798632 | 8 |
0.008 | 5871863 | 17 |
0.009 | 4459110 | 9 |
0.010 | 5866519 | 12 |
0.011 | 2731733 | 5 |
Last trade - 13.24pm 03/07/2024 (20 minute delay) ? |
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