DRE 0.00% 1.8¢ dreadnought resources ltd

Ann: Illaara Gold-VMS Drilling Funded Following $500K Placement, page-38

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  1. 5,747 Posts.
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    So, DRE Chairman's (Paul Chapman) other current baby (BC8 - Chapman is Chairman)) today did a deal with a Major in the area ($1.9B MC, SLR) which Chapman started/was Chairman of and still holds 1.4M shares in.

    Paul Chapman started/is/was Chairman of all 3 companies (DRE, BC8, SLR).

    This is why you back the people running the company that have a proven track record.

    It helps when those people also start off with a Tier 1 project like DRE's Kimberley projects - and Illaara ain't too shabby either, and Rocky Dam is looking better and better (but then again, they started with Kimberley as that's what they picked, bought and brought in when they came onto DRE).

    Below is a map of:
    - where BC8's current project is
    - where the BC8 acquisition is
    - where DRE is/proximity to BC8
    - other companies in the area (eg. RGL which did a ~5-bagger in the last couple of weeks)
    - Majors in the area (multi-billion dollar companies like NST, Newmont, Sumitomo)

    Chapman started up BC8 about a year before DRE.

    Food for thought.

    Cheers,

    GB.


    ps. Rocky Dam is DRE's third-best project (tells you how good the other 2 projects are)!!




    Today's BC8 deal with SLR:


    DRE - BC8 SLR Deal.jpg








    DRE's Map including the neighbourhood:


    DRE Rocky Map.jpg
 
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