I get where your coming from regarding trading trends and the...

I get where your coming from regarding trading trends and the volatility of announcements, in hindsight its easy to say, "I wish bought in earlier, invested more and held longer" after the share price has increased substantially when you sold your position on the short-term % gain. Being able to pick a company that's increased as much as DEG in the short time period also requires substantial luck / timing if you were a new investor, the long-term share holders that took a risk when it was 4 - 5 cents per share are the ones that have made substantial profits.

If look at the run DEG had recently among other Pilbara explorers, DEG's resource valuation compared its current share price is overvalued, with the amount of work still to be done DEG will have large CAPEX / OPEX expenses operating in the Pilbara compared to Primary which already has existing infrastructure in place for both projects and will be in production within the next few months.

PGO currently have 5/6 mining approvals with the last one more than likely resting with the government department for the final go ahead. The time of mining commencement coupled with the time of year has slowed this process for final approval coming into the Christmas period, which has caused investors to loose interest over the last week hence the drop in volume and share price.

With the amount of action the announcement on the 2nd of November has generated backed by very little tangible value it held, people will be paying close attention to what happens over the coming months with a focus on developments at MT Bundy.

Investors originally thought the Pilbara area mostly held an iron ore dominant resource until the recent developments, when investors catch on to the potential scale of the MT Bundy protect coupled with its underexplored virgin ground across 1,500km's of tenement a substantial re-rate will occur over time.

The share price definitely will be trending lower short-term due to the mining commencement of Coolgardie, this could be favourable for PGO given the gold price has a solid base at $1270 trending upwards ready for the next cycle coupled with a falling AUD.