DRO 4.46% $1.34 droneshield limited

Ann: Multiple DroneSentry-X Orders, page-17

  1. 532 Posts.
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    Historically there has been substantial movement on announcements such as these but we've had $1.5m in sales over 2 announcements and our movement has been near 0. I think there is a degree of fatigue and antipathy towards DRO as an investment. To many, it is not a fresh company and we've been here before so why would this be any different?

    We've also seen 2 days with 2m+ shares being dumped around the 17c range. So perhaps we are looking at a large holder who is trying to dump out - potentially Paragon or Regal in the rare chance they are still around. Bergen could be too but i doubt it.

    Ultimately this is just part of being in the speculative penny stocks. We're just waiting for 2 things, #1 for DRO to produce a sales pipeline where we can expect recurring revenue (unlikely in ME, likely in EU and USA) and #2 is for the Market to become aware of and believe in DRO.

    Once we get to that stage I suspect price movements will become more predictable/stable.
 
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Last
$1.34
Change
-0.063(4.46%)
Mkt cap ! $1.168B
Open High Low Value Volume
$1.37 $1.37 $1.30 $15.67M 11.74M

Buyers (Bids)

No. Vol. Price($)
19 48719 $1.34
 

Sellers (Offers)

Price($) Vol. No.
$1.34 140280 24
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Last trade - 15.24pm 04/09/2024 (20 minute delay) ?
DRO (ASX) Chart
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