DRE dreadnought resources ltd

Ann: AGM Presentation, page-65

  1. 5,126 Posts.
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    It’s when they can’t raise anymore capital, the till is empty and mining lease costs won’t be getting paid, wage bill , insurances , worker benefits/ super, vehicle fuel, registration, the list goes on. Do you know what last years wage bill was and they already have I think 2 crew that have left all signs of having the cupboards bare and they can’t work for anymore issuance of shares surely as they are overflowing like a tsunami already for a company of its size. Not saying this is going to happen , it’s just another word for how grim things are looking atm as the end of next year is imo too long to wait for some cash flow. DT will have a plan other than what we know of but not sure if it’s going to be a good one for us long suffering shareholders, if he thinks he’s going to keep the gold, niobium, nickel and rare earths all to himself or sell them at their peak I guarantee it won’t be that easy and there will be much bigger players working out what they want and at what price all of which affects the manipulation of the MC. A bit like the lithium fallout, everyone’s been calling the bottom monthly for 18 months but still it falls, those that have hung on in disbelief are wishing they had a plan B C and D during those 18 months but a lot haven’t and now it’s too late for many, key words being too late.
 
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