Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-173

As any would know who read my posts, I’ve been a major fan of DRO since getting involved in July 2023 and I went overboard at 23c during the directors’’ first sell down. I went even more overboard during the second director selldown at 59c but their behaviour left the impression it should be treated as a trading stock going forward not a buy and hold as I'd hoped.

so with the spike above my current fair value of about 85c I actually sold about one quarter, finishing at $1.12.

I am on record as saying only this week that they didn’t need an issue……and here we are. Is it an opportunity for directors to get back in, or do we wait for their next tranche of free shares?

It is a dilemma, as clearly they should have the momentum to fulfil their guidance.

But I find it hard to believe they need over $100m in cash now in order to build even more inventory so they can receive the orders they think they are going to get.

Obviously I will take up my entitlements at 80c, but Hats off to those members who took more off the table yesterday. I was poised to sell another 25% today at $1.12+. The whisper yesterday of a pending issue was correct. .