The Great De Grey Decline, page-3

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davros59

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20/09/21

13:28

Post #: 56205827
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Originally posted by Gainzmaster5000: ↑

initially - you're assuming the market is a rational beast in which it is definitely is not.

secondly DEG is not a producer and no where near being in production and this point so you have the orphan period/value of death of an explorer post discovery compounding on poor gold sentiment along with POG speculation. Bear in mind the market prices moves with anticipation and not news itself ie: market speculating fed reserve announcement going to be poor for gold hence the fall. If that is announced you won't see price movements negative/the opposite you will see uplift.

thirdly, DEG is a very rare entity, of which in certain MANY bigger producers will be looking at them, licking their chops, positioning themselves for a take over. along with that comes many many games from different entities; brokerages and predators playing games with price to secure a better deal, shorting of stock, etc.

my question to you would be - does the short term noise bother you? If it does, why?

are you not here for the long term? where are you getting your price bottoms from (srs) if there is evidence I'm keen to see it bc tbh if it falls that low it's good news to be able to buy!

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Totally agree Gainz. you beat me to the punch.

I would add the oldest saying in the my traders hand book, when you are an explorer your SP is speculative. when you are a producer your SP is relative.

DEG Price at posting: 96.0¢ Sentiment: Hold Disclosure: Held
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The Great De Grey Decline, page-3

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