"Look at the trajectory and the last raise SPP was needed cause...

"Look at the trajectory and the last raise SPP was needed cause instos that got burned at 10c said sorry we busy!"

Can't win. haha, If no SPP then everyone on HC complains that we didn't get the same deal as the pros. When SPP is given, no one takes it. And I don't think they needed the SPP and it was more of a nice gesture for holders that complained and complained about being excluded from CR's?
It's actually the opposite to what you're saying:
- the raise from sophs portion was easy and they raised $5M from sophs (incl just over $1M from Directors)
- they tried to raise (up to a maximum of) another $5M from retail through the SPP and only got $628k
-- ie. no issues raising $5M from sophs, but could barely get anything from retail, hence why they stay away from SPP's/retail? Plus it's a lot quicker to raise from sophs.


"Only the fan crew and gullible went for the SPP"

That'll be me, but hindsight is great, isn't it!


"DRE at current state got Buckley's of raising on market now?!
Only option is to drag some gold out from somewhere??"

What do you mean? They can't raise cash if they wanted to?
Directors will put money in, I'll put money in, most of top 20 will put money in, most of long-term holders will likely put money in - that's more than enough to keep them going to gold mining, without getting in any new holders???


"it's more or less a sell from me"

Why hold then, there's plenty of volume for you to sell into?


"I left north of 150k in when we peaked at 15c"

Didn't we all, and then some.

But the strategy from DRE, from the early days was to explore, discover, drill out, sell deposit, return some of the sale proceeds to shareholders and rest for more exploration, and rinse and repeat (REE deposit was well on its way but the NdPr price decline halted that until prices rise again).

That's why I didn't sell at 15c and wouldn't sell again, and don't see myself selling this stock ever as it looks like the original strategy (as mentioned above) will soon be fully funded without dilution once they start mining at the Star, and I was happy holding with dilution as long as I could see the strategy progressing (ie. explore, discover, define deposit, sell deposit at ideal price).


Anyway, like everyone, I'm not happy with where the SP is, Directors/Management aren't happy (they put in $6.8M cash and are in the red), and pretty sure no one is happy with the current SP...but it's out of DRE's hands (until mining starts), and it's not just this stock but pretty much every junior stock, and out of every junior stock, this is the one that causes me the least sleepless nights.

Hard to be positive in a market like this, and with the SP at these levels, but either you trust the guys with the life-changing strategy goals, or you don't - they trust themselves and have put their $6.8M of money where their mouth is.


Cheers,

GB.