What a sad demise! Not a good look and the market seems to be losing hope. Just 6 months ago, every comment was getting 10 plus upvotes, the good ones 30-40 upvotes, now I struggle to see any with 10. Clearly many have become fed up and sold! I don’t blame them as it has been very frustrating and maybe people need the money in this high cost of living environment, even if it’s a substantial loss.
The retail commodity space in the junior sector has never been worse imo.
The positive is that as all these sellers depart and move on, eventually there will be a point where they run out and all of this reverses. Less future sell pressure means the higher and more extreme the uptrend when a reversal does take place.
Unfortunately we are going to have to wait for commodity markets to turn imo. I thought it would be good news or discoveries from DRE but clearly even good drill results cannot turn this stock. Therefore I doubt a 10moz gold discovery would get this stock up more than 10%. Very sad to see this play out.
I am holding long and awaiting the reversal. No point selling at such a loss Imo.
DRE Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)