I would of thought the price dropping to 8 cents - represents where the current negotiations are at, for the up and coming credit raise.
All this stuff must leak - especially being 4.5 mill shares traded - highest Volume since 1st June 2018 - just after those brilliant Mt Berghaus drill results where release.
There almost certainly will be a credit raise IMO - the question will be How Much and By Whom
What may be interesting is from whom.
If it's from Kirkland Lake and its at 8 cents I will have a good look at it and probably buy again. But I don't think I would be the only one!
KIrkland Lake would bring a lot of investment into DEG IMO as all the Kirkland Lake share holders are very well cashed up thanks to the market darling doing so well for them.
DEG would then be seen as a good investment for if its where Kirkland Lake is putting there money - it must be good.
The attention on DEG would be World Wide.
Dilution is one factor, but good will is another.
Indee, page-22
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Last
$1.23 |
Change
-0.005(0.41%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.20 | $4.482M | 3.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8887 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 60293 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |