A simple analysis. if you paid 40c for SNG would you now be happy with 6c. if you paid $8 for chn would you now be happy with $1. if you paid $1.80c for GAL would you now be happy with 16c. The spec market is an unloved mess and yes there a few exceptions however those exceptions dont have 3 billion + shares on issue like DRE so to increase these exceptions SP by 200-300% the MC only needs to increase by 10-15 million. DRE needs to increase by 120-250 million to achieve the same outcome. So the reality check is this, speculative market sentiment needs to change to the positive DRE needs a world class discovery that is sought after by the market. I stick with DRE as they have a significant exploration programme even in tough times. Other exploration companies have gone into cash preservation mode and will do very little.
DRE Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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