Not surprisingly the market took today's DRE announcement in its stride, which reflects the overall rare earths metals market, which some consider is being manipulated.
The Chinese are doing their best to keep a stranglehold on the supply chain, while at the same time there has been a proliferation of explorers worldwide.
Until such time as the "West" can at least match China in refining capabilities, there will remain a lag in the rare earths metal prices and by extension DRE's share price. Shareholders should be patient and wait for the most productive and low-cost producers to shake out the market. That's when DRE will shine, supported by its diverse minerals mix.
Ann: Large, High Confidence Yin Ironstone Resource - Mangaroon, page-25
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $59.72M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $29.86K | 1.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 5266962 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2519879 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DRE (ASX) Chart |