Oh man this is ugly....it looks like they traded away the upside for cash... and unfortunately more of that cash has gone to exec comp last few years than into R&D...
here is what I have....
388.2m shares
53.2m options (of which 29.1m ZEPOs)
441.5m shares + options
plus you can bet that management will be proposing to award themselves more ZEPOs and options, so lets say 450m by the end of this year.
The upside is gone in my opinion....20c would be $85-90m, 25c would be $110m.... both of those numbers seem near impossible for DRO.
heck even if they land the US$45m Saudi deal (A$62m), the post I saw said they would maybe maybe $5-10m in profit on it over 3 years. That would be like 1-2c a share. :/
Oh man this is ugly....it looks like they traded away the upside...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DRO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.20 |
Change
0.010(0.84%) |
Mkt cap ! $1.042B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.24 | $1.17 | $10.45M | 8.646M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17763 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 11298 | 2 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |