Sell orders being pulled at low prices, I believe investors are digesting the announcement and realising it’s not bad for deg, rather fundamentally good if 10gpt is the overall grade, I have a hunch better grades will be coming from NOVO going fwd, however 10grams is great, if we have 5grams per tonne it’s a game changer for DEG.
Congratulations to everyone who bought DEG out of all the Pilbara plays.
Deg is perfectly positioned with great cash in bank, and this is primarily because management have positioned us in a really strong position, and aggressively moving us fwd.. IMO DEG should go up in price not down, considering that conglomerates are being proven to be commercial...
however market is market.
DEG Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
(20min delay)