DRE 0.00% 1.7¢ dreadnought resources ltd

I have said several times that this isn't going to be a 50c...

  1. 170 Posts.
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    I have said several times that this isn't going to be a 50c company. I think if it reaches 15c, perhaps a smidgin more, then it will probably be close to its high. While these have all been good results that is all they are and being junior explorer with no intentions of mining, and only maybe a JV or two, then it's SP will ultimately be completely dependent on actually finding sufficient resources that are good enough to attract major buyers. Results aren't resources. Some may disagree but bar coming up with an unbelievable REE result then the SP isn't going to pop anytime in the near future. It will gradually grow as long as Tucky and co keep growing the resources to the point one or more of these projects is sellable. To be honest, I think the market gets a tad bored with endless releases about 'amazing potential' and while we, the shareholders, are constantly impressed, if you look at DRE from afar it isn't that exciting to the many investors looking for short to medium term gains. This time next year, if everything goes to plan, DRE will probably be somewhere in the 6.5c-8c range. Now if you got in like I did at 1.5c or later at 2c or 3c and so on that is a pretty good return on your money. All IMHO and DYOR.
 
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