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1.66%

89.0¢ droneshield limited

Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-96

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Mayi

661 Posts.

179

18/04/24

12:29

Post #: 73405864
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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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The fact that you need to begin your post by a personal attack reveals that you describe yourself far more accurately than me.

I did not say no plans for growth - I said no plans for new expansion. So maybe it is your reading skills that are lacking, particularly since you obviously didn't read the announcement that DRO moved into new premises this year which will allow it to scale up to $500 M in sales.

DRO Price at posting: $1.12 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 89.0¢		Change -0.015(1.66%)		Mkt cap ! $643.8M

Open	High	Low	Value	Volume
91.0¢	93.5¢	88.5¢	$3.667M	4.046M

Buyers (Bids)

No.	Vol.	Price($)
8	115161	89.0¢

Sellers (Offers)

Price($)	Vol.	No.
90.0¢	26277	3

View Market Depth

No.	Vol.	Price($)
1	1052	0.950
2	3063	0.940
2	10500	0.930
7	129547	0.920
14	82890	0.910

Price($)	Vol.	No.
0.890	652	1
0.900	27110	3
0.905	234321	3
0.910	34000	2
0.915	15430	1

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last 89.5¢			Change -0.015 ( 1.54 %)
Open	High		Low	Volume
91.5¢	93.5¢		88.5¢	1631297
Last updated 15.58pm 21/05/2024 ?

DRO (ASX) Chart

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