DRE 0.00% 1.6¢ dreadnought resources ltd

Well DRE is heavily leveraged to the price of gold because we...

  1. 10,548 Posts.
    lightbulb Created with Sketch. 4266
    Well DRE is heavily leveraged to the price of gold because we have decent gold projects and we are actively exploring in order to hopefully find a decent discovery. If we prove up substantial ounces of gold under the ground, then we have an asset reflective of the price of gold which has a fantastic monetary value, especially at current gold prices. This should then have a decent link to our market cap as most sectors seem to be valued on their proven products and assets.

    Therefore, any talk of global economic conditions or geopolitical situations have an enormous link to the DRE share price in reality. Since gold is a commodity with a price very reactive to these global issues.

    I think most people understand the concept of inflation and when prices constantly increase which is happening right now across the board, it is pretty obvious inflation is not dropping in any sense, despite whatever manipulation of data and statistics governments and their funded 'institutions', 'organisations', 'think tanks' or paid 'fact checkers' are using to relay information to the easily controlled public.
    Last edited by coto: 28/03/24
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
0.000(0.00%)
Mkt cap ! $56.20M
Open High Low Value Volume
1.6¢ 1.7¢ 1.6¢ $45.7K 2.746M

Buyers (Bids)

No. Vol. Price($)
26 4747493 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 763201 3
View Market Depth
Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
1.7¢
  Change
0.000 ( 3.13 %)
Open High Low Volume
1.6¢ 1.7¢ 1.6¢ 2498396
Last updated 15.16pm 26/04/2024 ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.