DRE 5.88% 1.6¢ dreadnought resources ltd

Ann: 1km Long Gossanous Ni-Cu-PGE Outcrop at Mangaroon, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,764 Posts.
    lightbulb Created with Sketch. 8314
    Nice research there - could've just checked the DRE summary to get your actual info:

    https://hotcopper.com.au/threads/a-bit-of-a-summary.6164495/?post_id=54519428


    Anyway:

    - chart is showing a breakout into blue sky, and on massive volume, day after day, (per chart thread), and

    - they have plenty/$4m cash in the bank


    But don't let facts get in the way of a good (or average) downramp?


    In that spirit, let me try some:


    As they have enough cash to do all the current (potentially multiple (x4) company-making) drilling programs, they'll probably raise next at 10c, after one of the drills/targets hits a big result.

    Or am I being pessimistic with 10c?


    Cheers,

    GB.




    DRE - Cash1.jpg
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
-0.001(5.88%)
Mkt cap ! $60.04M
Open High Low Value Volume
1.7¢ 1.7¢ 1.6¢ $16.19K 993.8K

Buyers (Bids)

No. Vol. Price($)
18 2368868 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 2436461 9
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.