DRE 5.56% 1.7¢ dreadnought resources ltd

Ann: 1km Long Gossanous Ni-Cu-PGE Outcrop at Mangaroon, page-22

  1. 5,729 Posts.
    lightbulb Created with Sketch. 8141
    Nice research there - could've just checked the DRE summary to get your actual info:

    https://hotcopper.com.au/threads/a-bit-of-a-summary.6164495/?post_id=54519428


    Anyway:

    - chart is showing a breakout into blue sky, and on massive volume, day after day, (per chart thread), and

    - they have plenty/$4m cash in the bank


    But don't let facts get in the way of a good (or average) downramp?


    In that spirit, let me try some:


    As they have enough cash to do all the current (potentially multiple (x4) company-making) drilling programs, they'll probably raise next at 10c, after one of the drills/targets hits a big result.

    Or am I being pessimistic with 10c?


    Cheers,

    GB.




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