Ann: $3.71m Placement to Advance Niobium and Gold Exploration, page-19

I think a correction is in progress in the markets, not a crash, well I hope anyway.

But I was contemplating this raise yesterday. I feel this next 4 months is a last roll of the dice for DRE, the BOD inputting a paltry $200k (not a small amount, but small in context of the raise) to keep their as much as our hopes alive.

They have drilled twice for nought at their listing flagship project in the last 18 months, pending assays we all know wont be material, but the chase continues with new targets being generated, the market has not responded well to this on both occasions.

The rig/s mobilised on the niobium GCC, they drilled for two weeks, no leaky ship buys or price action to suggest anything material found.

Now the CR has happened.

What we have left in the fire are the Au/ Cu, Au drilling campaign at Mangaroon, maybe more drill targets for niobium at GCC and the potential risk of another late year drill campaign at TY. Outside of the Cu/ Au & Au drilling at Mangaroon hitting, it is hard to see continued interest in funding the activities of this co, without a significant discovery or viable project being found over the next 4 months.

Going to get some hate for this, but this is where I see the state of play, we are getting close to the last dice rolls on these projects as you can only sell potential for so long.