DRE 6.67% 1.6¢ dreadnought resources ltd

Ann: Quarterly Cashflow Report - June 2021, page-52

  1. 3,003 Posts.
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    Not sure what the fuss is about in regards to CR.

    These guys have gone to the market when needed in the past (clearly researchable if you go back and have a look) and have only ever raised what is needed for the shorter term. This has let the SP rise between raises which has happened again and again during my investment here. 85% of the money has gone into the ground and the SP has risen again on the results from drilling. They only raise what is needed shorter term to drill, get the results and then evaluate.

    IMO, we are safe from raising excess funds as DRE have a history of looking after the shareholders and not diluting them into oblivion. Funds will be needed at some stage, but it will be after we find some more goodies and it will be at a higher price than now, IMO.
 
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