DRE 4.76% 2.2¢ dreadnought resources ltd

Ann: Change of Director's Interest Notice - Philip Crutchfield, page-63

  1. 2ic
    5,893 Posts.
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    You can post good commentary but that is a load of drivel. 99.9% of people don't know if he's a good guy, had official permission, whether he bought for greed, to prop the price as it hit critical 5c support line, to cover for Deans embarrassing "monazite con is priced the same as MREC", because the auger results had been floating around the office so long he forgot they hadn't been released yet... It doesn't matter, very few ever get charged with any breach because mostly it's only an innocent oversight, has to be grievous and so indefensible you can't make enough excuses to cause reasonable doubt. I made the obvious observation, same others posted, except I happen to believe the end doesn't justify the means. Those who sold to him just before the bounce into good results release would no doubt agree.

    I have posted numerous times now that under 6c DRE seems a good risk-reward punt given price upside-downside on future exploration results. I make my opinion known on results as they come in. Why was I "decidedly not too forth coming in recent times when asked about the potential of TY"... because I have no edge in knowledge there worth dealing myself in. I'm not about making baseless predictions or talking down a stock for the sake of it. As an exploration pessimist and could have talked TY down as too skinny and low tonnes per vertical meter to get up. There was a good chance the auger drilling didn't find numerous Orion look-alikes, in which case TY project got substantially downgraded. Auger ended up successfully defining numerous geochem targets, project gets substantially upgraded. If someone told me this release was about to drop I would have bought in a 5.15c also lol.

    If management or HC readers can't stand the heat of being called out for bad calls or bad behaviour then perhaps it's they should get out of the kitchen, not me. The idea I have some personal vendetta against DRE is absurd. I chose to follow them as part of my RE sector research and beyond the RE's I have little interest., except when stuff is interesting. Like a director buying half a brick with confidence days before great results release, from those who demonstrably didn't have the same confidence...

    GLTAH
 
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