DRK 0.00% 1.2¢ drake resources limited

all or nothing ,this what the asx is about, page-2

  1. 38 Posts.
    All good man... I get ya. One thing I've learned over the years is that things that aren't fundamental to the stock happen. Also things that are fundamental to the stock happen.

    Here are the big ticket risks mate:
    - Mauritania, or the greater North Africa have more geo-political issues
    - Europe goes down a steep hill, resulting in people liquidating stocks. First ones to go are the small/micro caps. And they go down in big chunks.
    - China slows
    - Funding for exploration dries up
    - DRK finds no gold at Conchita or S.Tasiast
    - Senegal lease is largely under cover. It's in the right jurisdiction, but it's got a long, long way to go

    None of these are reasons not to invest. They're just some huge reasons not to go in too heavy. Drake isn't going to go up if the gold price goes up. That's not how it works until they have a resource and are closer to mining some actual gold. But their source of funds, and their share price is very, very exposed to the finance and world markets.

    Be careful out there.
 
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