DRE 0.00% 1.7¢ dreadnought resources ltd

Is the share price trying to turn? Are sellers just building the...

  1. 528 Posts.
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    Is the share price trying to turn? Are sellers just building the depth to spoof buying so they can continue to sell at these levels? What is DRE really worth? What is the REE project worth with a little more work and a turn in the REE prices? What else is sitting within the potential source of the REE's at Mangaroon? Is the tenement position and management worth anything? All questions investors need to ask.

    General comment here. The best way to treat a flaming, derogatory, and potentially defamatory narcissist is to ignore them; thus cutting off narcissist supply (which they need to feed on). Un-follow and put on ignore. Starve them of oxygen. Lots of YouTube content on that subject and how to spot them.

    It is blatantly obvious that the government payments were factored into the budget so the $5.4M figure is correct. The other comment is irrelevant because money is money. DRE are not in production so all cash raised, or obtained via subsidies (fantastic), is obviously part of the budget.

    The higher quarterly cost "money" was invested into the drill-out and studies to quantify Mangaroon REE, and other work elsewhere on the basis of the budget on hand and and the need to produce a quantified JORC estimate on the discovery made at Mangaroon REE. That is proper management not armchair cynicism. Again, general comment. REE discovery is runs on the board and that has a possible value well in excess of the current market cap IMO. Stating that untested ground doesn't contain a deposit is not particularly helpful. There have been lots of important discoveries outside greenstone country in WA - a State with tightly held tenements for good reason.

    A $2M figure cost for Q3 FY24 is unsubstantiated and not quantified, so it is purely speculation. To factor that, and ignore the payments incoming makes a huge statement as others have picked up. To call posters "rampers" and such insults; for daring to mention facts, is pretty funny. We are here to discuss merits and issues, not defend ourselves. Ignore the ***** if you can't be bothered wasting your time or turning negative for no reason. I am making this comment for other posters and not being specific about any particular poster. You have a budget to work with in exploration mining and use everything you can to support your corporate aims no matter what any Muppet on the sidelines has to say.

    I agree that the government waste is staggering on other than vital minerals and wealth building subsidies for mining and general dispersion to a highly suppressed and over managed (and constantly ripped off) population here in Nanny State Land. Bigcon did a great job articulating just a fraction of that above. We could go on and on but have no agenda against those that receive unwarranted subsidies. We just want a fair go and that is a horse that bolted long ago. Australia needs mining and mining needs juniors to find the deposits - a high risk pursuit that the majors do not want to fund.

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    We need to be looking at the Ni - PGE, the gold, and other base metals, as one of these could put a rocket under the share price. That is speculation but why else would you invest in an explorer??? It takes time so be prepared for that or move on.

    What are the chances of this team achieving that from strategic tenement holdings DRE holds? We have a dedicated team that has already defined a REE deposit that warrants further work when the cycle turns. Ditto Ni which FQM are happy to fund and work on after spending time on the ground and reviewing all available data. It was comical to hear the criticism of that work in here. Is it a better idea to just go into the Investor Hub and get answers from source? Too many vested (negative) interests playing with sentiment in here? DYOR
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    An important question; who thinks that used car salesmen have a very bad reputation in Australia? Support this post if you think they (rightly or wrongly) sit at the bottom of trustworthiness among professions. Also support this post if you think calling somebody a "used car salesmen" a good way to impugn somebody's reputation. You can be anonymous that way, but still register a vote on this important issue.

    GLTAH CW
 
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