Or as the Oracle has said, “Be greedy when everyone is scared...

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Stevienix1

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11/10/23

10:53

Post #: 70283141
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Originally posted by Chutney59: ↑

Evening anyone and everyone. I'm not a regular contributor to these forums even though I've had my account for a few years. I worked in financial markets for over twenty years and this capital raising by management is one of the cleverest ploys to buy cheap stock that I've seen in years. It's effectively a partial takeover without having to launch a bid. A lot of you are obviously very angry about it so I'll make some comments in an effort to clarify what they're doing. Firstly, the company doesn't need $8.8 million nor want it. They could do with some capital granted, but $3-4 million would do. No, they actually don't want all of you to subscribe for your entitlement as the plan is actually dilution. At best they will dilute smaller shareholders from the present 70% down to about 50%, and all for a lousy $3.2 million. That's the plan here. You're all concentrating too much on price and not on value. The price is short term in nature but the value will out in the longer term. They think so, which is why they're committing cold hard cash. Management knows what they have under foot and are planning to make the most of it themselves if smaller shareholders are stupid enough to let them have it cheaply. This company is clearly worth many, many multiples of the present share price and they are simply using the present opportunity to load up themselves at a price no one thought would ever occur. I'm following DTR because I like the assets and the market they're in, plus I like the management and their track record over their careers. These are very savvy guys and they're worth backing if only you can see through the shock of this offer and the lower share price. Take up your entitlement in full if you've come this far. I have only a modest stake thus far but plan of getting into the top ten shareholding list by this time next year as I think the opportunity is a good one. But like all small mining ventures, only risk what you can afford to lose. Be kind to each other in comments and good luck to us all.

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Or as the Oracle has said, “Be greedy when everyone is scared and scared when everyone is greedy”

DTR Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $12.38M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$3.579K	421.1K

Buyers (Bids)

No.	Vol.	Price($)
17	5981499	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	6194445	3

View Market Depth

No.	Vol.	Price($)
17	5981499	0.008
8	3325285	0.007
4	2115000	0.006
3	2800000	0.005
1	5000000	0.001

Price($)	Vol.	No.
0.009	6194445	3
0.010	1312884	4
0.011	2132723	5
0.012	2999995	4
0.013	5440659	3

Last trade - 15.15pm 27/06/2024 (20 minute delay)

DTR (ASX) Chart

Or as the Oracle has said, “Be greedy when everyone is scared...

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ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

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Or as the Oracle has said, “Be greedy when everyone is scared...

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

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Sellers (Offers)

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