DRE

0.00%

2.0¢ dreadnought resources ltd

Ann: High-Grade REE Ironstones Confirmed Over 2.5kms at Mangaroon, page-169

First 169 Last

Share
Profile

Follow
Crosby

1,809 Posts.

409

23/07/21

10:48

Post #: 54715204
Share

Originally posted by Fridayme: ↑

with the CR done back in 12/04/2021, this is the breakdown of the $3m funds raised.
This means we have enough money to drill Kimberley and defining targets at Mangaroon. with the 2021 road map we will need money for Mangaroon starting mid August (3-4 weeks away) and Illaara so i believe a CR will be on its way soon, maybe even tomorrow if an agreement is made to capitalise on the high SP we had in the last week. bad for us as CR usually take an average over a period of time.

One cost saving consideration for the CR is any drilling on the 5 tenant DRE's JV agreement with First Quantum Minerals for Ni,Cu,PGE, we don't have to pay and any gold with >75%, we get to keep. the details of the agreement included below:

Free drilling for gold is a great deal for DRE.

If DRE wants to drill for REE, we will need a CR to fund for the drilling. good thing is HAS deposit looks to be mostly shallow so we can have more drilling at shorter depths. DRE also needs to look at look possible targets for Illaara, especially getting the resource estimate for Metzke's Find. (this will definitely start to get DRE noticed with the big investors).

So i think CR is imminent and when it is release the momentum we are having will change, however i have more confidence with Mangaroon then i do with Kimberley because of two reasons:
- Gossanous outcrop discovered over 1km
- High grade REE rock samples that looks to be the same as HAS who has 5 large deposits.

Kimberley is still very promising and can be blown away with the drill results, so i am not discounting that. When the CR hits, it be interesting to see what people do. personally i be holding.

Expand

I would guess a private placement to an institutional investor accompanied by a non-renounceable rights issue for current holders at a small discount to VWAP

Opposed to other companies in this space who always need to reup on capital, this is one of the lower risk prospects in my humble opinion

DRE Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

WGX

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GRX

GreenX picks up prospective copper project in Germany

There are more pages in this discussion • 11 more messages in this thread...

First 169 Last

Add DRE (ASX) to my watchlist

(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $70.72M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	15000	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	719285	4

View Market Depth

No.	Vol.	Price($)
1	15000	0.022
3	125717	0.021
7	5411546	0.020
5	6530894	0.019
5	5662800	0.018

Price($)	Vol.	No.
0.020	719285	4
0.021	494390	3
0.022	1331000	4
0.023	258635	2
0.024	1319095	6

Last trade - 16.12pm 02/08/2024 (20 minute delay)

DRE (ASX) Chart

Day chart unavailable

Ann: High-Grade REE Ironstones Confirmed Over 2.5kms at Mangaroon, page-169

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: High-Grade REE Ironstones Confirmed Over 2.5kms at Mangaroon, page-169

Top Stories

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News