DEG 4.10% $1.40 de grey mining limited

I got out today.My instinct was saying to get out - but I would...

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  1. 226 Posts.
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    I got out today.
    My instinct was saying to get out - but I would not let myself get out without a “logical reason”

    This is what I came up with below (and perhaps it’s how the market is seeing it as well)

    - End of the year - Resource of 2M ounce’s X  $45 per ounce is a fair value OR Market Cap of 90M
    - now divided by how many shares?
    - well we just raised 6m for 60Mil shares 
    - so to pay for Indee (and maybe some more drilling to help hit 2mil ounces) - Say 15Mil or 150mil shares
    - Added the 150mil shares to the current 425 mil shares.
    - Divided the 90M market Cap by the 575mil shares
    = 6 to 6.5 cents per share at the end of the year all said and done - hitting our targets of 2m ounces.

    Dont take as investment advice and DYOR as anything can happen.

    Good luck to all.
 
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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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