DRE 10.0% 1.8¢ dreadnought resources ltd

Ann: High Quality, Mixed Rare Earth Carbonate Produced From Yin, page-125

  1. 546 Posts.
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    Interesting discussion as always guys. Thanks for the charts Luca, good stuff, well done for illuminating the potential. The WA1 discussion and some comments prompt me briefly.
    WA1 market cap is circa $1.2B while DRE are down to circa $60M. That is 20x the value of WA1 compared to DRE (currently).
    The current share price of DRE 1.7c (and upsetting a lot of people - and thanks to those who analyse that logically without emotion).

    20x 1.7c is 34c and yet capital will have to be raised IF a project cannot be monetized first. 34c DRE share price is the equivalent market cap (market value) of WA1 today.

    When you look at Luca's charts (the long view that shows the cyclic nature of commodities and explorer sentiment) one can see two higher horizontal resistance levels; one at 17c (ish) which was hit near enough in September 2022. The next level is 32c. Cabonatite hits on top of promising exploration at the gold projects could cause that in a powerful gold bull. All my research has revealed that path for gold and the other commodities look to also be breaking into a fresh secular bull market run.

    Time and success are needed here but things can move quickly too. 4.6c to 15c in two months in H2 2022 highlights my point. Careful not to get emotional in the markets. Price is often a show as shared to me years ago from the guy who used to write my newsletters (initially) who had run the Fx and interest rate trading desks at a very large American bank. The big players push price around to their advantage.

    DYOR and GLTAH CW


 
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Last
1.8¢
Change
-0.002(10.0%)
Mkt cap ! $63.23M
Open High Low Value Volume
2.0¢ 2.0¢ 1.8¢ $57.72K 3.002M

Buyers (Bids)

No. Vol. Price($)
16 1755335 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 27222 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
1.8¢
  Change
-0.002 ( 7.22 %)
Open High Low Volume
1.9¢ 2.0¢ 1.8¢ 2083445
Last updated 15.59pm 14/06/2024 ?
DRE (ASX) Chart
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