Hi Sems
I know you believe in this stock and post a lot of valuable insights but you are caught in a perceptual trap like the majority of DGR shareholders and potential holders.
You believe that DGR is predestined to trade at a discount to NTA.
If NTA reached 1.75 then there is no universal constant that states it should trade at 0.61.
This stock should trade at multiples of NTA. The NTA is cash and readily tradeable stock.
The most luminous example is ANW, AJQ, DHR, SOLG and IRR. They all trade well above NTA.
Their price is predicated on the blue sky in their compliant reserves and the potential of unexplored tenements. Even many holders of both the subs and DGR cannot entertain the thesis that the whole should be at least the sum of its parts.
Our directors are excellent, NM has created many multi baggers, NM is a rock star among geologists, Every year since I first invested 8 years ago the company has become more valuable. Why on earth would Tribeca invest and place a director on the board. Why has that director personally bought 1 mill shares? Why does someone of the calibre and qualifications of Karl S remain with the Coy when he could easily achieve a greater package with a major?
The current price should at a minimum reflect the value of subs plus unlisted coys plus other tenements.
Sometimes I feel like I am surrounded by investors with the equivalent lobotomized prefrontal lobes of Trump supporters when it comes to valuing DGR. Of course there is no global warming or a Russian threat and most of all DGRs valuation methodology should be different to every other mining share on the ASX
and should only ever represent a fraction of the sum of its parts.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 185236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1983333 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 14.51pm 29/11/2024 (20 minute delay) ? |
DGR (ASX) Chart |