DRE

6.67%

1.6¢ dreadnought resources ltd

Ann: Nine Orion Look-alikes from Auger Program, More to Come, page-130

First 130 Last

Share
Profile

Follow
AussieM

40 Posts.

5

08/12/22

21:51

Post #: 65229754
Share

Originally posted by copperroad: ↑

It is one thing for a company to want to acquire another company, it is another to convince others to sell. Management dont just sell out at a higher price. DRE management own approx 10% plus of the stock. It would need to be well above the current price. Closer to 24c with some more drilling. How does anyone value the other assets? Its obvious that DRE has serious scale and grade. A major can wait until the resource hits their magic number and then step in with no risk. Twiggy and Gina have both stepped up as the resource is now sorted. DRE is about to get its first JORC. The only real chance is for someone to acquire the REE assets on their own. That is possible, but the management would have zero desire to do that at such an early stage. The drilling is only just getting started. The register is wide open to accumulation if a player wants in. A fund or corporate could buy 5% in the market. That is 150m shares and that is very possible. if you think its going to 30c, then 15-20c is very cheap. It would also clean out all the flippers and underpin the stock. I think that is very likely next year imo. It could happen after the JORC for all i know. It would have completed its first JORC, shown the carbs are mineralised, exposed more of the Y8 and Sabre upside. The value of the other 100 targets is anyone's guess. DRE could easily see a strategic player wanting to hitch a ride. The other main REE projects have dont just that. You normally do that with a placement or JV. DRE has already completed one with First Quantum. The Chairman of DRE/BC8 tends to put money away to sophisticated investors or funds. The public might not get a look in moving forward now this has moved up the food chain. Management have already stated that they want to drill the living daylights out of the project next year, so there is our clue. Sit tight and wait for the roll out to come. Xmas tends to get in the way of the big picture for most companies. I tend to take advantage of that. 2022 has been a good year and 2023 should be a very good year. Just an opinion.

Expand

My Opinion, reading between the lines, is that we are marketing for a large US company with federal backing to develop the resource.

DRE Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
16 Upvote

0 Great analysis

Reply

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

There are more pages in this discussion • 18 more messages in this thread...

First 130 Last

Add DRE (ASX) to my watchlist

(20min delay)
Last 1.6¢		Change 0.001(6.67%)		Mkt cap ! $60.04M

Open	High	Low	Value	Volume
1.5¢	1.6¢	1.5¢	$97.57K	6.141M

Buyers (Bids)

No.	Vol.	Price($)
6	2534068	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	1554102	13

View Market Depth

No.	Vol.	Price($)
5	2438499	0.016
46	8606895	0.015
13	3264785	0.014
3	1520999	0.013
7	2280555	0.012

Price($)	Vol.	No.
0.017	1554102	13
0.018	3320034	3
0.019	1246712	6
0.020	1830470	12
0.021	712984	4

Last trade - 16.10pm 27/09/2024 (20 minute delay)

DRE (ASX) Chart

Ann: Nine Orion Look-alikes from Auger Program, More to Come, page-130

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Nine Orion Look-alikes from Auger Program, More to Come, page-130

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

KalGold rolls out detailed aeromagnetic survey across Pinjin project

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News