This is from the 1/4ly.... easy to see the activities didn't warrant the $1,641,000 spend rate.
I'd suggest it's payment from '23 drilling etc.
The 13 hole CY drilling needs to be accounted for here.... not that expensive though.
Mangaroon Au drilling will be very targeted as well....similar expenses.... leaving just enough for TY campaign..... as management have stated.
Luck is always needed with drilling as well as timing for CR. No doubt CR will be needed but with rising gold and copper prices and some luck DRE will raise closer to 5c than 1c.
The wild card is REE's... a deal there will change cashflow for the Co. and SH's for the better imo.
This is from the 1/4ly.... easy to see the activities didn't...
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $59.72M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $32.57K | 1.869M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 340840 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 4189117 | 16 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
1.7¢ |
Change
-0.001 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 795979 | ||
| Last updated 15.12pm 21/05/2024 ? | |||||
| DRE (ASX) Chart |