DRE 4.55% 2.1¢ dreadnought resources ltd

Ann: Rocky Dam Drilling Complete and Previous Drilling Upgraded, page-24

  1. 34 Posts.
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    Been looking at this the past week and finally decided to jump in with a small position after this announcement.

    The mineralisation appears sound and compact around a tight area which bodes well for logistics and the company seems pretty on the ball with its operations so let’s take a chance!

    RC017 and RC008 will be the tell tale of how this stock will go - if management is correct and the mineralisation concentrates into a maximum between those two drill holes, we could be in for a solid run - particularly if it is a shallow depth intercept. As an example, look at MGV (currently holding a decent position) and see how one good, high concentration result took them from trading ~5c to 15c in a matter of days. Obviously don’t expect a similar numerical value on SP but the magnitude by which it increased could be replicated here (fingers crossed!)

    Here’s hoping!
    GLTAH
 
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