Ann: Illaara Gold-VMS Drilling Funded Following $500K Placement, page-52

"can anyone think of anything that could warrant this?"


There's probably 50 reasons why but here's a few that come to mind first:

- currently drilling 4 VMS prospects and then

- a gold prospect, all in a row (at the Illaara project)

- waiting on drilling results from Rocky Dam drilling

- literally non-stop news/announcements

- Team is averaging more than 1 price-sensitive announcement per week for the last 12 months/since taking over

- 83% of all spending is going into the ground

- Directors put in $850k of their own cash into DRE

- non-exploration cash burn is almost non-existent

- Board/Management own 23% of all shares

- Non-executive Directors are getting paid $0 at the moment (since late last year/before Covid was a thing)

- have a pretty good (and expanding) project (Rocky Dam), a great project (Illaara) and a Tier 1 project (Kimberley)

- Proven Board/track record:
--- started SLR which is now a $2B company
--- started AVB which got taken over by OZL for $323M
--- started REM which got taken over for $77M
--- started DRE and should follow the same path...


Anyway, plenty of other points but those just roll off first.

Cheers,

GB.