Even though I have held shares now in DRO for about 2 years, it is quite difficult to determine whether a Company is simply 'playing around' or is legitimately profit-oriented. Investors have to make up their own minds, and Hot Copper is useful for assessing information, but by the same token there is a lot of emotional rubbish (often ill-informed). So you would be better trying to identify what precisely your concern is and discuss that with people (with appropriate filtering of the emotional hype). Personally I am happy with DRO and it seems to me the Company is moving from an R&D Company to a full-on marketing Company. I do see the capital raising as the realisation that marketing requires substantial funds. Bear in mind with Covid-19, Australians can't simply pack their bag and head overseas, so there is much more expense required in setting up international distributors or offices. I don't know enough about DRO to assess precisely how the funds are to be utilised but it does seem that there is an large number of 'prospects' and once 'in the game', you can't just not pursue them because of lack of funds. I call this 'following the market'.
Basically in year we will know whether DRO is a winner or not - but focus on the Company objectives rather than the share price. Despite what people may think, the role of the Directors is to focus on Company objectives not share-trader objectives.
DRO Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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