I would be surprised if DRO drops more than a few cents below the SPP if at all, I viewing the share price behavior as similar to EOS except that DRO is in a better position with I hope up coming contracts and ones already signed.
20/03/24 EOS closed @ $2.08
SPP announcement @ $1.70
25/03/24 EOS closed @ $1.71
08/04/24 EOS dropped to its lowest price of $1.545.
20/04/24 the big US spend was announced
20/04/24 EOS has risen from $1.68 to now $1.79 (27/04/24).
So with the announcement from the US and the way that EOS has behaved I would say DRO is pretty good value @ around the 80cents mark and will soon see it back over the dollar.
Run your own race
Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-491
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$1.33 |
Change
0.090(7.29%) |
Mkt cap ! $1.155B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.39 | $1.26 | $65.51M | 49.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 321150 | 3 |
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| DRO (ASX) Chart |