The markets are fixed and delusional, small cap miners don’t stand a chance with Reddit crowds and institutions working together to keep what they want to be on a roll on a roll. We got things like Trump media, AI , Tesla flying because it gets pumped on the back of the new US Government and Elon getting a gig, Crypto flying because Donald and Elon say so, just this year Bitcoin was $60k in January and now $156k AUD, Tesla on a PE ratio of 116 x while the Banks, Cole’s , Wesfarmers all feeling good at 20-30 PE’s , its all a bad joke and people are making a stack of money just jumping on the bandwagons and miners can’t strike a match, on top of the manipulation by China of the resource sector re metal pricing so they can continue to make good profits on manufacturing and until the big end get all these metals and minerals under their control very few small miners will ever make it independently.
DRE Price at posting:
1.1¢ Sentiment: None Disclosure: Held
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