Oldtimer - IMO the sell down is more to do with the broader market conditions. The whole market was down significantly yesterday. It is interesting your observation on this contract being R&D that it may not have generated the same confidence as product sales would have. That observation is probably right. I however took a completely different view on the release being R&D, not product sales. This was the desert arriving before we've had the main meal. Because it is R&D work it will not use up any of our inventory. Therefore not only is it great revenue but it will allow DRO to generate higher income beyond the production limitations that exist. Better than a $10M inventory sale IMO (which I have no doubt will come soon enough). that is my take.
Oldtimer - IMO the sell down is more to do with the broader...
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Last
$1.44 |
Change
-0.110(7.10%) |
Mkt cap ! $1.120B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.55 | $1.43 | $36.54M | 24.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 143517 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 65697 | 14 |
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| Last trade - 15.26pm 23/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |