Is the price really in Euros?! I’m sure that slipped past all...

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Lenny08

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21/02/24

12:40

Post #: 72514348
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Originally posted by Arh0070: ↑

Straws in the wind.
gb girl has been busy the last few days ,makes me wonder if another share offering to raise more money is going to happen .DEG is spending lots of money with zero cash flow .No news on progress of permitting.
Metso is a Finnish company ,all its products are priced in euros .Due to weakness in the Australian dollar the current euro/au dollar exchange rate is 1.65.That means that 20 million eu is between 30-35 million in au dollars .
The Metso website is very slick and it takes some digging to discover where it is based.It has offices worldwide including in Russia and also Australia.It is a profitable company with good products and technical expertise.
There is no longer any mention of Lithium and DEG and for good reason .The great Lithium bubble has now completely collapsed and prices have returned to the level it was before the bubble .In the space of 3 years the price quadrupled and like many commodities the boom has turned to dust .Lots of money made on the way up and lots lost on the way down .Aussie Lithium miners have been badly affected and small miners (like kzm) that went after the boom got caught on the downside (hence the sale of Ashburton).Aussie Lithium miners are struggling and asking for government help.Zero chance anyone will come along and want to explore for Lithium on DEG property. This is all due to a collapse in demand for electric cars .Elon Musk of course was on the right side of the curve.Might be a good time to buy into a lithium producer if you are a believer in its long term prospects
When a mining analysts says you can’t go wrong with DEG ,one could anticipate that the opposite might turn out to be the case.,we shall see.
Agnico just released its annual report ,they are a high quality company ,costs are rising to produce gold at thier high quality mines like Detour Lake and Malartic (both in Canada).AISC for Agnico is up 6-8% in the last year ,cost of construction up by a similar amount .The swan zone at Fosterville is about depleted and being replaced by lower grade material.Less profitable than it once was.
Anyone interested in a soon to be Canadian producer should do a deep dive into Artemis (I dont own it)price is beginning to rise ,first gold pour coming very soon .The management is superb and laser focused on starting up the Blackwater mine .They are developing the 12 million ounces in phases to start cash flow and then expand .Less risky and very smart as they have no cash flow like DEG.

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Is the price really in Euros?! I’m sure that slipped past all DEG staff, the board and accounts team! Don’t worry, I’m getting on the phone now to tell them to cancel the order and that they simply cannot afford it. As always, thanks so much for dropping by

DEG Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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Last $1.37		Change -0.008(0.54%)		Mkt cap ! $3.289B

Open	High	Low	Value	Volume
$1.38	$1.39	$1.37	$565.0K	409.5K

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No.	Vol.	Price($)
28	92042	$1.37

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Price($)	Vol.	No.
$1.38	17686	7

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No.	Vol.	Price($)
7	6453	1.370
21	146183	1.365
15	115353	1.360
11	113453	1.355
10	461735	1.350

Price($)	Vol.	No.
1.375	40593	14
1.380	144792	21
1.385	297470	22
1.390	108933	16
1.395	43454	10

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Is the price really in Euros?! I’m sure that slipped past all...

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Is the price really in Euros?! I’m sure that slipped past all...

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