I see DGR has broken out on Ravagones ( I think the posters name is) volume/price breakout scan.
The PEA might be a hum dinger. Those capex savings will be fully illustrated i.e -we are close to power, roads, and port. Couple of billion shaved off capex if I recall correctly.
We have all probably watched and read enough SOLG pressos to realise that this will be fully illustrated in the PEA and will be mouthwatering for the majors who still dont have the stomach for massive capex outlay and getting stuck with a large but potentially stranded asset. Commodities now viewed as boom/bust after recent years mass writedowns. I hope SOLG team really flesh it out and do some comparrisons with projects that didnt get up due to expense.
Im not sure if this logic is just wishful thinking but if 3 bill can be shaved off capex and the complexity of the project is reduced (remember the big guys are worried about cost overuns), then whats an extra a half bill on the T.O price. Sweet Fanny Adams... Thats what it is comrades. Sweet sweet Fanny Adams.
Then permits and drilling other 70 odd targets.
Plus AJQ is back on track.
Plus IRR is at all time lows.
Plus Cornerstone could get gobbled.
Plus everything SOL1 has been saying regards M and A.
Plus for whatever reason DGR is still grossly undervalued.
= BOOM digity!
Plus the weekly closed on a high.......
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1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.1¢ | $21.24K | 1.780M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 189268 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 2202058 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
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