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![]()
- Forums
- ASX - By Stock
- DRO
- Ann: $70m Fully Underwritten Placement and up to $5m SPP
Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-90
-
-
- There are more pages in this discussion • 460 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
|
|||||
Last
$2.01 |
Change
0.080(4.15%) |
Mkt cap ! $1.532B |
Open | High | Low | Value | Volume |
$1.98 | $2.03 | $1.88 | $37.37M | 18.93M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $2.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.02 | 230725 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 2.010 |
1 | 660 | 2.000 |
11 | 118905 | 1.995 |
1 | 5000 | 1.990 |
2 | 20270 | 1.985 |
Price($) | Vol. | No. |
---|---|---|
2.020 | 230725 | 9 |
2.030 | 59482 | 6 |
2.040 | 66666 | 8 |
2.050 | 229893 | 25 |
2.060 | 34082 | 4 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
DRO (ASX) Chart |