I've been following DEG for quite a while. It is a spec small cap, so I laugh when I read all this stuff about charting etc, it is absolute baloney IMO!
IMO, people bailed out because DEG has been promising to deliver but hasn't for years and years. The drill might finally get some excitement, but as I understand the primary target is silver.. and always a risky play by itself. Nothing to get too excited about (no offence).
Some notables:
1. Cost of offer was $212,860, to raise just $1,786,150 (gross). Very high raising costs! Jobs for the boys at Patersons? Nice gig that one!
2. Only $1,097,450 allocated to "Argentina projects exploration"? That aint alot of money for a drill!
Quite alot allocated to working capital, perhaps so the directors can regularly fly business class to Argentina, and stock the drinks fridge?
3. Directors very surprisingly hold bugger all shares (before new issue):
Darren Townsend - 342,626
Gary Brabham - 144,645
Jason Brewer - 400,000
Weird.
IMO, the share price could be being pushed up ATM to keep above the 1.8 issue price...
I've been following DEG for quite a while. It is a spec small...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |