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DEG - De Grey Mining

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@Sean K, Rightly or wrongly, I dismissed DEG as a prospect long ago because of management's hyper-dilutionary devastation of any early shareholders who stayed the course. I only buy stuff that holds some promise of being a long term investment. I haven't kept up with it in any way and ..
Sean K said:
The thing that's going to scare the market will be the DFS capex which will be frightening.
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... that comment is quite enough for me.
I am interested in GOR however, as long as it corrects enough to justify a double top interpretation (and not a bullish consolidation). I won't be paying up for GOR as goldies have lost their allure. GOR's big capex is behind it as I understand it and it is profitable, so one day I might have a small stake in DEG via GOR?

Not Held
 
I still believe in DEG esp on the location.
 
This makes me less interested in DEG. They've got so much work to do to get Mallina over the line and they're spending millions on speculation. Keep your eye on the ball DEG. Poor darts.


 
rcw1 said:
Good morning
  • De Grey Mining started at Overweight; $1.60 target: JPM
Hmmmmmmmmmmmmmmmm
Not holding.

@farmerge and @Sean K DYOR ha ha ha ha ha ha

Have a very nice week.

Kind regards
rcw1
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It's certainly tradeable between these two lines. EVN might be sniffing around BGL and this, see EVN thread.

RAOTFLMAO

 
Rabbithop said:
I am still interested n still a owner. Comparing to WAF...no comment....
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Comparing to WAF is a good study in West African perceived geopolitical risk factor.

Same amount of gold. WAF going to produce 400Kpa. DEG planned 500Kpa and a couple of years away from turning dirt. WAF MC $900m, DEG $2.2b. One of them is either too expensive or one is undervalued, or both.
 
Look at DEG...up up n away..do u know something that I don't?
Mmmm bought a bag at the high end.
Patiently waiting for higher..
 
Thks noirua for that post. I read that too. Bugger the sp dropped on Fri but not much..a holder n on my watchlist to bag in more ..when n if the price suits me.
 
noirua said:
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It looks like they are aiming for 600Kpa at Hemi but also think they can tac on and extra 100kpa from Withnell. So, potentially a 700Kpa production profile. They're going to need a bigger mill, or two.
 
After seeing the CHN panic selloff when they released their development costs estimate, I'm a bit wary about holding DEG as they're going to need a few billion to develop their resource also.
 
Just a note that 'Between the Lines Finance' on Patreon has suggested a cautious attitude for DEG holders in anticipation of an impending feasibilty study. While DEG is beyond the prefeasibility stage of Chalice and a lot more is known about the project it's still at a risky juncture and the capital investment required might be unpleasant. He views it as market cap over-priced for this stage, even "ridiculous", and like Chalice has forced participation from etfs and inst index followers causing froth - also trend followers. Just my loose paraphrasing.

Not Held
 
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