DRE 6.25% 1.5¢ dreadnought resources ltd

Ann: Trading Halt, page-99

  1. 3,385 Posts.
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    The only dumb questions are the one you don't ask mate, and there are plenty of really knowledgable people here who can assist.

    They have said very explicitly that they are not a mining company, but there will be options available to them once they prove up these resources. They could sell outright for big sums of cash, sell for a sum and a good sized package of shares in the purchasing company, enter partnerships to develop with a miner, etc, etc. There would be lots of permutations for them to consider, and if Mangaroon for example plays out the way it is looking, they are going to have one of the best REE resources in Australia to offer up. Tarraji-Yampi also looks incredibly promising, not to mention some of the others.

    I reckon you have invested in a really exciting explorer here, one of the best on the ASX, and what you really need to pay attention to is the Market Capitalisation of the company (top right, next to the share price). It's currently 184million. The real question here is what is the potential value of the resource at Mangaroon? (Yin and the Carbonatite targets - not even considering Tarraji-Yampi and the others). It will take them a fair bit of time to prove that, but honestly, I'm thinking you'll easily turn your $2k into $20k here. Patience can be an excellent investment strategy with the right company.

    This is just my opinion, not advice and I'm not a professional. You need to take the time to do your own research. All the best with your investment.
 
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Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $56.07M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $57.18K 3.800M

Buyers (Bids)

No. Vol. Price($)
34 8657296 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 3375088 14
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Last trade - 16.10pm 18/09/2024 (20 minute delay) ?
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