im massively bullish on DRE, and have (had) been holding since the march lows...
but alot of people here need some perspective.
at 6c DRE had a Market cap of 150mil - thats huge for an explorer with no resource and lots of rock chip samples
at 4c = 100mil which i still think is over valued
with over 2billion Shares on issue, whats your trade target for buying at 6c ???
a major discovery (like RTR) would only get you to 12c (300mil market cap)
there are aussie gold explorers with 1mil + oz JORC reserves valued less than 50mil
Ive got my buy orders in much lower - if it gets hit great, if not oh well - move on to the next one
DRE Chart, page-251
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Last
1.5¢ |
Change
-0.001(3.23%) |
Mkt cap ! $56.29M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $20.11K | 1.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 6264945 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2100323 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| DRE (ASX) Chart |