The Bear Room, page-379

Nice. I was curious to see where Bell Potter would price this post capital raise, given the $1.60 price tag they gave DRO was given prior to the CR being announced. It's encouraging to see them still positioning it as a buy at these levels, though it’s no surprise given the substantial discount from the capital raising price of $1.15.

Earlier this week, I estimated the fair value to be around $1.20 to $1.30, with a potential bottom in the mid 90 cent range. It seems like Bell Potters current price is right in the middle of that estimate. I think it’s a fairly sensible estimate and also good the see them revisit the price post CR.

Droneshield is now firmly in a healthy and reasonable investment territory, with future results required to guide the share price back to $2 and beyond. A bit of industry hype always helps, of course.

At the start of the week, I had set a target for Droneshield to hit $1.10 by week's end, which would indicate a return of positive sentiment and investor support. It closed at $1.09, so it’s great to see it almost on target.

Good close to the week.