Well share price back now to where it was 2 years ago when they announced discovery at wingina well - what a disappointment that turned out to be - 200,000oz when the talk was of about 1/2 a million. Unbelievable considering all the hype at that time that the stock is now 18.5 cents!! On every announcement this year sp has risen a few days then sank back to a lower price than it was before the announcement. I keep buying more every time it drops thinking it must be bottoming out but it never does.
Can anyone with knowledge about mining discoveries suggest a fair value for this stock at the present time? Is 18.5 cents reasonable?
Hoping DEG has a similar history to MNR which rose from 20c to $3, then slid back down to high 30's (which DEG has so far mirrored) over 2 years, only to return back to $1.80 within 6 months. If so, DEG will be 45 cents by May next year. Here's hoping!!
what a fizzer!, page-6
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Last
$1.20 |
Change
0.040(3.46%) |
Mkt cap ! $2.864B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $6.087M | 5.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 159405 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 255708 | 29 |
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| Last trade - 14.22pm 12/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |