DRE 12.5% 1.8¢ dreadnought resources ltd

’Sound capital management…is one of the many reasons to hold DRE...

  1. 291 Posts.
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    ’Sound capital management…is one of the many reasons to hold DRE shares.’ They inherited a blown out registry but that has not stopped them from showing shareholders the respect they deserve.

    Thank you for highlighting the wealth generation opportunity currently unfolding here. FMG and DRE have many shares, to say that they are equivalent is nonsense. You have taken a good faith comment (many shares need not hinder further progress) and tuned it into a direct comparison to defend your position that DRE and FMG cannot be compared!? By implication, you are suggesting that because of DRE’s soi/mgt - this company might not be a good buy atm, your sentiment is ‘sell’.

    You chose to use the relative MC and revenue of the two companies as points of reference in order to imply the inferiority of DRE shares @ $0.11. FMG closed @ $21.95, 20% from its last high. It has failed to close above $26 twice, it might rally 20% but can it go 10x from where it is now? That’s right, FMG is not an explorer. The DRE chart speaks for itself, 100% before Q2-3 is more likely than FMG going to $44. I stand by my claim that dumb money follows dumb people and end up in the icu. Can you 2 the up-trend on top of the side-trend?

    We can’t wait for your next original observation. For your contribution to this board, you also receive a complimentary conch. We let you guys stay here ‘rent free’ because we enjoy a good redemption arc. @2ic showing the way!

    https://hotcopper.com.au/data/attachments/5025/5025638-feb0ce6d3371349334481029835ed635.jpg
 
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Last
1.8¢
Change
0.002(12.5%)
Mkt cap ! $63.23M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $57.56K 3.384M

Buyers (Bids)

No. Vol. Price($)
4 747903 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 1508634 7
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Last trade - 15.45pm 29/04/2024 (20 minute delay) ?
Last
1.7¢
  Change
0.002 ( 3.03 %)
Open High Low Volume
1.7¢ 1.7¢ 1.6¢ 1992765
Last updated 12.32pm 29/04/2024 ?
DRE (ASX) Chart
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