Not sure what that has got to do with the topic, except that you want to have a backhanded dig.
Nevertheless, you are correct. I found something better which proved more profitable than DRO and wrote about it at the time, saying that I'd moved into highly geared TWE warrants after their CR (I bought below the issue price) but before the China wine tariffs were removed. Both companies enjoyed strong rises - all boats rise with the tide.
I sold them after the tariffs were removed. If DRO drops far enough below the CR price I might use the proceeds to jump back in. If that happens I will easily be able to cover the 25% dilution in the stock by buying more stock that I originally sold with the proceeds.
Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-489
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Last
$1.32 |
Change
-0.080(5.73%) |
Mkt cap ! $1.146B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.32 | $12.04M | 8.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 134196 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 40000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |