Watching the SP over the past few months has been very frustrating and I was holding in the hope of a good quarterly. Unfortunately the low production result, high production cost and only $1m increase in cash was the final straw for me - I'm out.
Unless I misread the report it also looks like the low grade will continue to be processed this quarter which made me concerned about current production levels.
The ridiculously low volume of shares traded also concerned me from a volatility point of view.
Don't get me wrong I think DRA is a good company which is why I held for 18 months.
Now that I am out I'm sure the SP will do well - there is still a lot of upside in DRA but for some reason the market can't see it.
Good luck to holders.
what's with this incredibly low volume?, page-33
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Last
$1.81 |
Change
0.000(0.00%) |
Mkt cap ! $100.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 59 | 2 |
View Market Depth
| Last trade - 10.02am 08/10/2024 (20 minute delay) ? |
| DRA (ASX) Chart |
Day chart unavailable