the last 2 cap raises have both had been followed by strong growth in share price - the SP ran to $2.70 after the last CR, where it got way ahead of itself. DRO need product on hand to fulfil large orders quickly and there is a 3 month lead time in critical components so they significant cash on hand to deal with timing difference between component purchases and sale of inventory.
Not thrilled by another CR - but I expect it will be on the back of a significant order or need to build a few production facility overseas.
Ann: Trading Halt, page-150
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Last
$1.31 |
Change
-0.040(2.97%) |
Mkt cap ! $1.138B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.37 | $1.31 | $10.85M | 8.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 37050 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |