The market is a little more cool headed than the HotCopper crew. The sales growth looks amazing so far, but DRO is a little company that has never turned a profit.
The market won't get too excited until it is clear that the company is profitable and growing. Also, many large investors will ignore it because they cannot get a meaningful number of shares (for them) without owning half the company.
I like your approach of waiting and looking for an entry point below 30c. The market as a whole seems to be looking weak. As you also point out, a positive announcement could also drive the share price before you get that chance. I am in at the moment, because DRO it is close to reporting and sometimes companies include announcements with their reports. Though, sometimes they go south too.
Good luck with whatever you choose!
DRO - Chart and TA., page-226
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Last
$1.72 |
Change
0.080(4.88%) |
Mkt cap ! $1.311B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.74 | $1.63 | $19.21M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 49024 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DRO (ASX) Chart |