Australia's largest stock trading and investment forum Australia's #1 stock forum

DRE

Click for more information

4.35%

2.2¢ dreadnought resources ltd

I have the same expectation, tick the box with quarterly, now...

First 18 Last

Share
Profile

Follow
Fridayme

1,912 Posts.

774

30/09/21

18:00

Post #: 56476632
Share

Originally posted by Green Bull: ↑

Hey mate,

1. They put about 85% of the money into the ground - so it all depends on how much drilling (and what type) they're doing. Can look at past quarterlies to get some idea. The $8M+ will last them yonks and will hopefully return a lot of good results/discoveries/resources.

2. Govt. announced the $2B scheme 2 days ago (that they're doing it) - it is not ready to go straight away, but I don't see why DRE wouldn't be able to get some of this, if they chose to, down the track.

3. There is no short term CR risk anyway, with $8M just raised and $1M-1.5M in the bank before the raise. One thing that will potentially mitigate future CR's will be the Iron Ore deal and potentially a gold deal at Metzke's Find, once they put out a resource for each one and then potentially commercialise each one. Confirmation/drill-out of Orion & Friends will also increase the valuation and greatly reduce dilution of any future CR's.

Really looking forward to the drilling at Orion & Friends and hopefully we get an announcement in relation to the drilling start on Monday, if not tomorrow.

Cheers,

GB.

Expand

I have the same expectation, tick the box with quarterly, now lets move on to new announcements that is probably templated and ready to go.

DRE Price at posting: 3.6¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

There are more pages in this discussion • 11 more messages in this thread...

First 18 Last

Add DRE (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change -0.001(4.35%)		Mkt cap ! $77.28M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$46.86K	2.038M

Buyers (Bids)

No.	Vol.	Price($)
9	2178220	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	100000	1

View Market Depth

No.	Vol.	Price($)
9	2178220	0.022
9	2700161	0.021
14	11590993	0.020
8	6143629	0.019
12	6243800	0.018

Price($)	Vol.	No.
0.023	100000	1
0.024	1215495	8
0.025	1174696	6
0.026	1647440	5
0.027	1782467	5

Last trade - 16.10pm 09/07/2024 (20 minute delay)

DRE (ASX) Chart