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2.2¢ dreadnought resources ltd

DRE, the poor man's Lynas. Or maybe the gambler's Lynas....

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18,287 Posts.

1009

29/04/24

09:20

Post #: 73551255
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Originally posted by Spoilt: ↑

Very nice movements on the NdPr prices as well as Neodymium itself. We have recovered all losses from NdPr since the start of the year.

As expected given the smaller increase in quota at the start of the year that this second half of the year will be strong for NdPr and REE - especially as the supply glut from the large 24-30% increases in quota the last 5 quotas on mining and processing has diminished due to the continued high demand as well as future quota raises to be at or below the the 10-15% increases required to keep in line with demand. This should bode well for us. (If NdPr prices can recover despite such monumental increases in quotas the last 1.5 years and an additional annual increase, it speaks volumes on the growing size and strength of the market.)

Will be interesting to see where our SP is at shortly given the correlation with NdPr prices if that shall continue to hold true we shouldn’t be too far off from where we are at the start of the year on rare earths alone granted the share price lags NdPr prices.

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DRE, the poor man's Lynas. Or maybe the gambler's Lynas. Probably a better bet than the mater lottery.

Where there is life there is hope. I hope. A lot of "what iffs".

DRE Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $77.28M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.2¢	$36.83K	1.658M

Buyers (Bids)

No.	Vol.	Price($)
1	3065	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	804766	5

View Market Depth

No.	Vol.	Price($)
1	3065	0.022
18	3670509	0.021
14	6856783	0.020
7	5975472	0.019
7	5398800	0.018

Price($)	Vol.	No.
0.023	804766	5
0.024	986763	8
0.025	960746	4
0.026	2000238	5
0.027	782467	4

Last trade - 16.10pm 16/07/2024 (20 minute delay)

DRE (ASX) Chart