DRE dreadnought resources ltd

Ann: CTN: Acquisition of Yerilgee and Evanston, page-16

  1. 5,119 Posts.
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    1c target @ 8m looks a good bet unfortunately but DT is likely doing the right thing with the divestments, if he keeps SoM, Niobium and possibly the Kimberley for a proper crack if SoM delivers what is hoped and that’s about it. The team is a bit smaller so realistically they had too much on the go at one time and would never of had the time or funds to pursue worthwhile intense exploration, Bresnahan will be next to go in the new year but it would probably be good to be able to keep a 20% or so interest if any party was willing it as a going concern on those sort of terms and a smaller drain of cash.
 
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