there’ll be 2.6 bill shares on issue after tomorrow. Market cap will be about 50 mill at current prices. I don’t understand why people would buy today when 253 mill shares will be issued tomorrow at 1c. Not only this is a sign of stupidity, but also people are choosing to buy this rather than another silica play (don’t want to cross promote) who is located right next to this DRX silica project and is worth 10x less than this + low shares on issue + has half its market cap equal to cash.
This is why 90% of investors lose money in the stock market
DRX Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
