It's a fair assumption to make.
The terminology is interesting though. Sounds like firming up supply chains and logistics. Much bigger Market Cap Co with a strong board than DRO's and solid revenue. Given it's really only EOS and DRO that I notice in the counter drone space on the asx, it's not a long bow to draw to assume that future collaboration / merger isn't on the table. DRO obviously more specialized in that area where as EOS have a broader scope.
From EOS:
"has pre-positioned over $120 million of completed product ready for customer testing and acceptance which is now proceeding normally."
I used their RWS extensively so know for a fact they make good stuff. $60 - 70M could indeed come DRO's way. The difference for me is the payment. DRO got paid. Could be two different Customers too. Tis a big place over there.
Ann: $2.3m Middle Eastern MOD Payment Received, page-57
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Mkt cap ! $986.7M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.32 | $1.18 | $12.78M | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 4888 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.30 | 3724 | 1 |
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| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| $1.22 | $1.32 | $1.19 | 2801176 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| DRO (ASX) Chart |