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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 0.6¢		Change 0.000(0.00%)		Mkt cap ! $8.745M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
16	10619990	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	2745748	3

View Market Depth

No.	Vol.	Price($)
16	10619990	0.005
11	10890438	0.004
2	3600000	0.003
2	1700001	0.002
5	18000001	0.001

Price($)	Vol.	No.
0.006	2745748	3
0.007	6147364	8
0.008	876145	4
0.009	343979	3
0.010	2000000	1

Last trade - 16.12pm 26/07/2024 (20 minute delay)

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

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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

Top Stories

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News