DRE is asking for performance shares for meeting an Inferred resource and really I’d be asking for indicated. They also claim from my brief look at above 3% TREO, maybe as high as 4%. On top of that they are trying to ride off the back of HAS in their announcements, always quoting Hastings.
Given the region could be similar, they could also not be. There is much work to be done over there with drilling and over 2 billion shares on issue, things will be difficult and it is purely a speculative buy.
Still in the infant stage from what I can see and is years behind Hastings. But hype is part of any investment to a degree and I would argue they are way overvalued.
Still come November we should know and it will be worth day trading soon in my view. Not at current prices though.
I am 100% on RE juniors so far and Hastings in my view is second only to Lynas.
HAS Price at posting:
$4.45 Sentiment: Buy Disclosure: Held
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