DEG 4.10% $1.40 de grey mining limited

Dont take this as correct or gospel but here's my attempt....

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  1. 208 Posts.
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    Dont take this as correct or gospel but here's my attempt. Others will be far better qualified and happy for any corrections and DYOR.
    One of the other companys on DGO presentation was Kin Mining. They got to 1m oz and had issues with construction, costs blow out and the stock price is back to where it begun at 8c and needing to raise capital. Worth going to their website and reading the announcements.

    DCN: I have just listed a few announcements and share price at the time. I have tried to estimate market cap. You can see the timeline on the chart below.
    July 15 trading around 38c ($65m market cap)
    29 July 2015 Jupiter prospect increases to over 1.1m ozs trading 40c
    3 august 2015 Westralia increases 76% to 1.5m oz price 52c
    16th sept update 3m oz including scoping study trading 62c
    18th oct 2015 trading 80c
    nov 15 $25m Equity raising @ $0.69c (guessing market cap about $120m)
    8 feb 2016 spectacular results jupiter drill out and trading at $1.20
    June 2016 more strong results price is around $2.40
    July 2016 measured & indicated resources increased price is $3.40 and goes on to hit $3.80 (Around $750m).
    Currently $2.00 per share

    We have just got to 1.4m oz . I reckon we are somewhere around May/June 2015 on DCN and late 2016 on KIN
    Drill results could see us accelerate or stagnate. kin_ax_price_daily.22dec15_to_12dec18.png
    It could take another $20m to find enough plus $10m for Indee. So that's $30m and we have around $8-9m in the bank. Your money could be tied up for years.
    dcn.png
 
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Last
$1.40
Change
0.055(4.10%)
Mkt cap ! $3.115B
Open High Low Value Volume
$1.38 $1.41 $1.36 $9.178M 6.594M

Buyers (Bids)

No. Vol. Price($)
1 247 $1.40
 

Sellers (Offers)

Price($) Vol. No.
$1.40 199327 9
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
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