A lot of people here I feel aren’t looking at the bigger picture and simply don’t realise how good this is - they have had firm commitments of $30 mill from existing shareholders. I’ve never seen this from a sub $200 mill company.
Companies like DRO in this type of growth phase require a large amount of capital to grow production to fulfil future orders - they have now secured the balance sheet, via ocurrent shareholders - who obviously see the value at 30c to stump up the capital. Having an extra $27 odd million won’t devalue the company or change the Enterprise Value…yes a dilution but the trade off is a secure balance sheet and roadmap in a difficult economy when credit markets are tight.
Just my 30c
A lot of people here I feel aren’t looking at the bigger picture...
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Last
$2.34 |
Change
0.160(7.34%) |
Mkt cap ! $1.784B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.35 | $2.15 | $48.00M | 21.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3150 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 25989 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |