Brilliant presentation I thought. No new info as far as I recall but a great summary of what we have and a clear energised balanced up to date explanation of our prospects. Well worth the watch, esp for potential newbies to DRE.
I have a lot of faith in this team and our assets to reap the benefits of this near term gold mining plan and beyond that to find the big discoveries that will make all the typical explorer ups and downs that we have experienced worth the effort. I do think they walk the talk as much as any explorer can. As always there is an element of luck involved but as the saying goes, the harder I work, the luckier I get. You can not doubt the work rate of the DRE team.
Dean laid out the opportunities for growth from the mangaroon gold land and explained the potential for expansion that exists there. TBH I always thought this was a great potential driver of growth for DRE but I liked the way Dean laid it out with more depth and clairity. He is a great communicator, amongst his other talents.
He gave very plausable examples of potentially analogous growth examples where futher gold was found in existing deposits but
even if only what is currently known is all we end up with Id be happy. I think you'd have to be a brave person to bet against this team increasing it by some significant degree. As you would expect Dean mentioned the REE's that we have locked away, describing them as a "free kick" for when that market comes alive again. Given the current geopolitical situation in the world this could very easily be a black swan for us in terms of the share price appreciation but as always, I wont hold my breath waiting for it. I'll be happy if we can just get this gold operation up and running well asap.
its easy to get despondent given the beating DRE and others have taken over the last few years but its always darkest before dawn, and its been dark for quite a while now. I reckon I can hear the morning magpies being to clear their through for some yodeling. Dawn is drawing near.
We have additional funds and a pretty clear plan through to self funding via the gold operation. Its funded, mostly permitted from what I understand, at the current share price the gold income could fairly quickly surpass our current market cap, our share price is dismal. I didn't think I'd say this but Im going to back myself, take a punt and buy a few more and just sit back and see what happens. In for a penny(west) in for a pound.
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Last
0.9¢ |
Change
-0.003(25.0%) |
Mkt cap ! $45.71M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 0.9¢ | $627.5K | 62.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 18121051 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4110768 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 16565540 | 0.009 |
18 | 6221958 | 0.008 |
10 | 7229459 | 0.007 |
1 | 84200 | 0.006 |
2 | 210000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4110768 | 3 |
0.011 | 5600000 | 7 |
0.012 | 7600866 | 11 |
0.013 | 8760777 | 21 |
0.014 | 6408255 | 24 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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DRE (ASX) Chart |