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DRO

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4.12%

81.5¢ droneshield limited

Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-116

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Tigerking

748 Posts.

102

18/04/24

13:29

Post #: 73407087
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Originally posted by TheAnalyst007: ↑

I can tell you aren't exactly the sharpest tool in the shed, so I will try to explain this in a simple way so that you can understand. For a company to grow at the tremendous speed at which DRO has been growing, that takes a large amount of capital. This capital doesn't grow on trees unfortunately, and whilst they are already making a good profit the opportunity for them is now, and they don't have time to wait around to build up their cash balance via profits. As a result, they have gone to the market to get an amount of cash sufficient to grow this company into one valued in the 10s of billions of dollars. The fact you can actually say they have no plan for growth is reflective of the fact that you have not been reading recent announcements, either by choice or more likely due to the fact that you don't know how to read

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LOL - that's funny coming from the biggest halfwit on this forum

DRO Price at posting: $1.12 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 81.5¢		Change -0.035(4.12%)		Mkt cap ! $710.7M

Open	High	Low	Value	Volume
85.0¢	87.0¢	81.0¢	$8.202M	9.822M

Buyers (Bids)

No.	Vol.	Price($)
3	12100	81.5¢

Sellers (Offers)

Price($)	Vol.	No.
82.0¢	10000	1

View Market Depth

No.	Vol.	Price($)
3	12100	0.815
13	289291	0.810
13	191065	0.805
68	936797	0.800
7	70599	0.795

Price($)	Vol.	No.
0.820	10000	1
0.825	17001	1
0.830	10000	2
0.835	60575	4
0.840	359958	4

Last trade - 16.10pm 11/11/2024 (20 minute delay)

DRO (ASX) Chart

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