DRO 4.48% $1.39 droneshield limited

Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-198

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  1. 260 Posts.
    lightbulb Created with Sketch. 36
    You are 100% correct... I know Dro since 2017 as we provided one of their main design software since they began ... I know their engineering team and they are very efficient and hardworking team... what I like about DRO was that they were very careful with spending and tried to get the highest discount we could offer as they were shopping around ( unlike many other private and specially public traded company) so I have faith the fund will be used in good way ... I have a feeling this CR is somehow related to the NATO agreement , if there is huge orders coming and surely they need to be prepared with enough capital and inventory ... I will participate to get all $30k if possible... also more than anything I like its technical which is aligned to its very positive fundamental ...if we have any short period of correction and then the SP will be back higher , faster and stronger ( IMHO)

    https://hotcopper.com.au/data/attachments/6112/6112075-89599212bf3124a239a651f9c4796d31.jpg


 
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