It all depends whether a company undertakes a consolidation from a position of strength or weakness.
GG8 (formerly LRL) is one example of management getting it right.
DRE will have an opportunity to consolidate when they become cash positive once mining starts. They need to be in a position where they can fund future growth from profit so no dilution is required unless parth of a strategic acquisition which will accelerate growth.
Most consolidations fail because the company only undertakes it to give them the option to keep diluting holders to fund their lifestyles.
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $50.79M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 0.9¢ | $265.6K | 27.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 20039252 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1244165 | 4 |
View Market Depth
| Last trade - 16.18pm 23/06/2025 (20 minute delay) ? |
| DRE (ASX) Chart |