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2.2¢ dreadnought resources ltd

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

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Fridayme

1,912 Posts.

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30/09/21

18:00

Post #: 56476632
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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.

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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
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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

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No.	Vol.	Price($)
9	2178220	2.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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9	2700161	0.021
14	11590993	0.020
8	6143629	0.019
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Price($)	Vol.	No.
0.023	100000	1
0.024	1215495	8
0.025	1174696	6
0.026	1647440	5
0.027	1782467	5

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