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DE GREY MINING LIMITEDDE GREY MINING LIMITEDDE GREY MINING LIMITED

DE GREY MINING LIMITED

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DEG trade ideas

buying opportunity at 0.750 best at 0.375 1. It's definitely overbought, RSI 79 (Monthly) RSI 58 (Weekly) RSI 50 (Daily) 2. Losing volume, based on volume indicators less volume with rising price is again bearish indicator. 3. could be good to consider buying at Fib level 0.5 at $0.750, Its also price consolidation zone just around 30% retracement from current price. 4. Ideally best buying should be in support zone between 0.420 - .0375. Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:DEGShort
by AsimMirzaTrader
DE GREY MINING RUN TO CONTINUE?DE GREY MINING (ASX:DEG) has just had a much needed rest. After 8 months and +3000% increase its well deserved after its Pilbara WA "Mallina" Project surpassed 2.2Moz Gold Projection. Sitting 50KM south of one of the most ideal ore exportation capitals in the Southern Hemisphere (Port Hedland WA) it's easy to see why De Greys is going from Strength to Strength, and they haven't even scratched the surface with multiple Gold anomalies yet to be fully explored. Technicals: Area of Interest approaching... Fib Retracement Golden Pocket Near, recently broken .382 level. Uptrend Intact. Has already hit Major Trend Based Fib Retracement target previously for +170%. Healthy retrace almost complete IMO. Ichimoku still intact and Bullish. MACD starting to round anticipating the turn BUT not confirmed. RSI starting to flatten having just crossed the 50. Stochastic indicating oversold region. Approaching MA50 looking for reaction. Some Fundamental Highlights.. Mallina Project quickly turning into Tier 1 Project +2.2 Moz Gold Deposit. Project location among the best in the World. Stable Cash Runway + $28million CASH (30 June 2020) & Debt Free. With such a rapid growth it's hard not to keep an eye on the rising star De Grey Mining, BUT I'm more interested in future projections of Gold consumption and what this means for the Sector. With global demand predicted to rise by 2.1% annually and Australia set to be the No.1 Gold Producer in 2021 it's a good sign for the Domestic players with production set to rise by 9% 2020-2021. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!!
ASX:DEGLong
by Trader_Johnni
2
DEG:ASXBreak out of short term down trend testing nearest resistance at recent high. If daily candle closes above 0.850 we could see a run to test 1.0 again. A small pull back and then a close above 1.0 should see a run to test 1.25 resistance. Otherwise, a rejection here at could see it fall back to trend line or support at 0.625 to create a higher low before heading up again from the trend line. A break of the long term trend line and close below 0.625 and previous higher low would be a bearish signal.
ASX:DEG
by Goatie_22
ASX: De Grey MiningFactors 1. Price has broken out of the recent downtrend (15/07/19 - 24/12/19) 2. There is a bullish candlestick printed where price broke the recent downtrend (24/12/19) 3. Decent volume plus strong candle on the initial breakout (24/12/19) 4. There is a gap at 8.1c which I would be looking to target. May find some resistance at 6.9c. Possible Reasons For Failure 1. Momentum may fade and price may continue downwards. 2. Though converging, 13/48 EMA hasn't crossed over. Watchlist: Potential trade in the future, watch how prices react to 5.2c level.
ASX:DEGLong
by forexpunter
De Grey Mining - Focus On Blue Moon ResultsNext catalyst for De Grey Mining with be the assay results for Blue Moon drilling. DEG will also benefit from as an alternative to the Pilbara conglomerate from Novo Resources, whose last two announcements have left the market wondering on their approach to sampling and grading of the conglomerate. Expecting to see DEG and ARV to divest themselves from Novo announcements from here. Upcoming News Flow ----------------------------------- * Q4 2017 US/Canada Roadshow DEC 17 * Q1 2018 Toweranna final 1m drilling assays * Blue Moon drilling assays * King Col lithium soil sampling (5km strike) and diamond drilling * Toweranna and Blue Moon Phase 2 RC/Diamond drilling commencement * Conglomerate Gold Target heritage surveys * Loudens - Trench and bulk sampling commencement * Farno McMahon/Van Maris geological mapping, geo chem and heritage surveys * Q2 2018 Toweranna and Blue Moon continued RC and DD drilling results * Aircore/RAB - Farno McMahon, Van Maris Tabba Tabba Shear commencing * Conglomerate Gold trenching and bulk sampling results * Metallurgical test work results and proposed final plant design Conglomerate Gold ---------------------------------- • Heritage Clearance • Ongoing Orientation Sampling • Reconnaissance Level Soil Sampling, Mapping, Metal Detecting • Geophysics – trial seismic to detect basement of conglomerates • Continue to monitor and learn from Novo/Artemis releases – leading the way! Once heritage clearance achieved • Trenching for geology and bulk sampling • Drilling and/or adits Highlights --------------- * 1.2Moz GOLD resources and growing * Conglomerate Gold Targets 3 target with nuggets * Positive Scoping Study (PEA) with significant capacity to improve * Large pipeline of 41 untested gold anomalies > 200 kms of mineralised shear zone 1,800km2 * Large LITHIUM target 7.5km long target with new discovery drill intercep JORC Deposit -------------------- 1.2Moz GOLD deposit Corporate Snapshot ------------------------------ Shares on issue: 284M Listed Options on issue: 53M Unlisted Options: 25M Cash (Sept 2017): AUD $7.3 million
ASX:DEGLong
by HC_Haplo
De Grey Mining - Pilbara Conglomerate Gold De Grey Mining $DEG is my holding for the conglomerate gold rush in the North West of Western Australia. The stock has been currently trading in a holding pattern that indicates that sophisticated investors are accumulating. Expect Novo Resources to be releasing a 3D conglomerate mapping update this week that will impact all the exploration plays in the area. My snapshot notes of De Grey can be found below. Upcoming News Flow ----------------------------------- * Novo conglomerate Updates * Q4 2017 US/Canada Roadshow DEC 17 * Blue Moon first-ever drilling - underway * Q1 2018 Toweranna final 1m drilling assays * Blue Moon drilling assays * King Col lithium soil sampling (5km strike) and diamond drilling * Toweranna and Blue Moon Phase 2 RC/Diamond drilling commencement * Conglomerate Gold Target heritage surveys * Loudens - Trench and bulk sampling commencement * Farno McMahon/Van Maris geological mapping, geo chem and heritage surveys * Q2 2018 Toweranna and Blue Moon continued RC and DD drilling results * Aircore/RAB - Farno McMahon, Van Maris Tabba Tabba Shear commencing * Conglomerate Gold trenching and bulk sampling results * Metallurgical test work results and proposed final plant design Conglomerate Gold • Heritage Clearance • Ongoing Orientation Sampling • Reconnaissance Level Soil Sampling, Mapping, Metal Detecting • Geophysics – trial seismic to detect basement of conglomerates • Continue to monitor and learn from Novo/Artemis releases – leading the way! Once heritage clearance achieved • Trenching for geology and bulk sampling • Drilling and/or adits Highlights --------------- * 1.2Moz GOLD resources and growing * Conglomerate Gold Targets 3 target with nuggets * Positive Scoping Study (PEA) with significant capacity to improve * Large pipeline of 41 untested gold anomalies > 200 kms of mineralised shear zone 1,800km2 * Large LITHIUM target 7.5km long target with new discovery drill intercep JORC Deposit -------------------- 1.2Moz GOLD deposit Corporate Snapshot ------------------------------ Shares on issue: 284M Listed Options on issue: 53M Unlisted Options: 25M Cash (Sept 2017): AUD $7.3 million
ASX:DEGLong
by HC_Haplo