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5.00%

2.1¢ dreadnought resources ltd

Ann: Shallow, High-Grade Gold and Silver at Chicken Little, page-38

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McKhenry

5,326 Posts.

867

23/05/24

22:44

Post #: 73983987
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Originally posted by coto: ↑

Solid high grade gold hits! If they keep chasing those mineralised trends, this could end up being a decent deposit and definitely viable and economic at current AUD gold prices. Generally, the market loves news like this with shallow, high-grade gold, plus silver! Strangely enough, not for DRE, the lack of share price action continues. Some entity has this stock by the you know what! A combination of investors taking losses in tax sell time and an entity trying to cap this for some reason? Perhaps a low-ball capital raise price? The tide will eventually turn for DRE but it is a difficult period for investors. I just hope management can hold off on any capital raise until the stock begins a reversal. IMO it wont be before the end of June because there will always be people needing to take a tax loss. I have my fingers crossed things pick up in the new financial year. Management are doing all they can with workflow and exploration on key buoyant commodities to change the situation (so we cant fault them) but unfortunately for reasons out of our control, forces are against them (& us).

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No one is trying to cap it, this is just investors heading for the exits

DRE Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
6 Upvote

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(20min delay)
Last 2.1¢		Change 0.001(5.00%)		Mkt cap ! $73.77M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$183.7K	8.984M

Buyers (Bids)

No.	Vol.	Price($)
11	3100542	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	1226331	7

View Market Depth

No.	Vol.	Price($)
11	3100542	0.020
16	7906116	0.019
15	8424224	0.018
20	6149291	0.017
12	2883046	0.016

Price($)	Vol.	No.
0.022	1226331	7
0.023	920000	4
0.024	760000	4
0.025	1296737	2
0.026	900000	2

Last trade - 16.10pm 27/06/2024 (20 minute delay)

DRE (ASX) Chart