DRE 4.35% 2.2¢ dreadnought resources ltd

Ann: High Quality, Mixed Rare Earth Carbonate Produced From Yin, page-180

  1. 10,345 Posts.
    lightbulb Created with Sketch. 603
    look i really hope DRE comes good before things go belly up, no one wants to see DRE back to 10c more than me, trust me, but the reality is, if they dont come up with something spectacular by the US elections in late 2024, which is the time many pundits thinks markets will tank, DRE is gone, even if they manage to raise a couple of million bucks at 1.5c it will be more shares on top of the 3.5billion already on issue, if DRE spike to 10c and they do a CR at 8c they could raise a few million more which will keep us running 2-3 more years maybe enough time to really find something spectacular which will get us to 20-25c, i dont see it happening, drean tried his best, he invested his own cash, he has a great team, but sometimes thats just not enough, in a rising rate environment, the world drowning in debt, no one is gonna invest big bucks into something thats not making any money, unless its just for a punt...
    Last edited by pete11: 18/05/24
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.