I have to disagree gbgirl. History shows that gold and gold stocks will decline with any market collapse as punters desperately seek cash to cover their margin calls.
I do agree, however, that gold will recover and move forward as a safe haven with producers benefiting next. No doubt the central banks will flood more money into the system but even so, cash will still be king and so producers will become princes as the POG increases.
The way I see it, increased valuation based on the POG should definitely help DEG with a large resource but takeover will become more likely should they require big capital for development going forward (depends on what arrangements in place at time of crash).
Regardless, of the industry, I think it prudent to keep stocks with a strong balance sheet these days. DEG should still have plenty of millions on hand and can scale back its exploration if it needs to conserve cash.
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I have to disagree gbgirl. History shows that gold and gold...
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Last
$1.14 |
Change
0.045(4.11%) |
Mkt cap ! $2.732B |
Open | High | Low | Value | Volume |
$1.13 | $1.15 | $1.13 | $4.272M | 3.749M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9142 | $1.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.15 | 11394 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5263 | 1.140 |
1 | 20000 | 1.135 |
1 | 10312 | 1.125 |
2 | 11209 | 1.120 |
2 | 15312 | 1.115 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 44522 | 4 |
1.155 | 82789 | 3 |
1.160 | 11312 | 2 |
1.165 | 52789 | 3 |
1.170 | 10935 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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