DRE 0.00% 1.8¢ dreadnought resources ltd

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

  1. 10,705 Posts.
    lightbulb Created with Sketch. 4411
    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
1.8¢
Change
0.000(0.00%)
Mkt cap ! $63.23M
Open High Low Value Volume
1.8¢ 1.8¢ 1.7¢ $12.34K 702.7K

Buyers (Bids)

No. Vol. Price($)
12 4038790 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 2847467 6
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
1.8¢ 1.8¢ 1.7¢ 717892
Last updated 15.59pm 10/05/2024 ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.