DRO 1.13% $1.35 droneshield limited

Ann: Multiple DroneSentry-X Orders, page-8

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  1. 554 Posts.
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    Yeah that's a very new wall of sales put up there. It's a little odd - someone is selling 1m shares (in 1 order at least) on a day with a positive ann although perhaps they will cancel this sale once people chew through the others. I've heard people comment about this type of artificial price control and for a small cap company I certainly see it being viable.

    Theories aside - this is another good update. I wouldnt expect the SP to move too much from this given the small size of the cash-in-hand and based on previous experience I'd expect people to be wary of calculating in larger sales despite assurances talks are in progress. Selling to 2 different countries is good and glad to see the showcase trials are getting buyers. This is a derisking announcement in my mind which should increase peace of mind around future price potential. I wrote yesterday on the main thread about a concern in translating opportunities into sales - this feels like a good step there however, i'd balance it with the only modest increase in sales that has occured in other areas (repeat orders of half and double have been noted in other sales).

    As such, might weight this on in as being worth an additional $500k-$1m in revenue projections if i do some napkin numbers to help with price.

    Hoping we start to see weekly updates on sales.
    Last edited by specvestor: 24/03/21
 
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