DRO 2.47% 83.0¢ droneshield limited

W0mb@t, my take is a bit different. Yes 3rd party manufacturing...

  1. 1,186 Posts.
    lightbulb Created with Sketch. 122
    W0mb@t,
    my take is a bit different. Yes 3rd party manufacturing is the go but the way I understand it is that DRO want to have substantial stocks
    already on hand so that future orders can see the client's order dispatched ASAP. Thus DRO has to pay the 3rd party manufacturer up front.
    Fast despatch of orders will surely be of paramount importance in these volatile times.

    Already they say they have $20mill of orders firm, take the cost of manufacturing those plus that amount of stock to put on the shelf ready for future orders and it would make a fair dent in the $40mill raise even allowing for receipt of the anticipated payment for the first $11 mill order.

    regards, EB
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
83.0¢
Change
0.020(2.47%)
Mkt cap ! $584.6M
Open High Low Value Volume
82.0¢ 83.5¢ 80.5¢ $5.333M 6.520M

Buyers (Bids)

No. Vol. Price($)
4 20352 83.0¢
 

Sellers (Offers)

Price($) Vol. No.
83.5¢ 206000 3
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
83.0¢
  Change
0.020 ( 2.48 %)
Open High Low Volume
81.5¢ 83.3¢ 80.8¢ 1879991
Last updated 15.59pm 03/05/2024 ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.