"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.
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