Why I am out at 17.5-18c and don't think it is going to 50c, page-3

Happy to provide a bit of a differing view.

I like patterns.

1 year ago BT was the big deal that was going to bring in 5-10m in revenue. That has not happened.

This year it is Euro Police. And they were going to place the first order by June. That has not happened.

Both year instos and founders left DRO behind.

For years there have been small trial sales to governments that did not result in big orders. In fact DRO said they were now too big to report such small orders with dedicated announcements.

But a year went by with no large sales and there was pressure going into the AGM so they reported 2 very small orders and. cough. a deployment.

The US has spent hundreds of millions on anti drone and the market is stil larger and it is just not flower to DRO yet.

Until DRO can prove otherwise my play is to buy around support. 11c for now. and sell into the runs.

If i miss a run I miss a run. But 50m in market cap is a lot. you want to see around 12m in sales and 3m in profit. consistent and growing. I think DRO still has a long way to go. For me to hold a company this risky I need to believe in triple the upside and 150m is even much further away.

I think the Saudis were going to buy 50m in droneguns. Which seemed strange to me because those guns wont do much on their own. Are you certain they were ordering something else? If you are still holding I would check with DRO.