DRO has some very powerful tailwinds behind it!
Even if we get some swings above the 80c mark for some minutes or days, my bet is that its gonna rocket up and past $1 in a short space of time! Thats my prediction - its not Financial Advice!
HERE IS WHY?
1) DRO equipment has been in use in the Ukraine since Feb 2022, and if gaining big customers is worth anything, well, they did: 12+ months later, the Australian Government spent 50% of a $20million budget on DRO equipment that was sent to Ukraine! 50% is big! Clearly, they like what they are seeing, including perhaps, performance on the war front!
2) The NATO announcement - already been discussed widely on this platform so I wont add. NATO like what they are seeing! Who am I not to?
3) This last weekend, the Aus Defence Minister announced a new $100 million package of military assistance to Ukraine. What does this mean? We don't know, but it may well be good news for us DRO holders! Speculation? Yes indeed!
- Although we do not know if DRO will get anything this time, wise investing and trading requires one to develop a knack for reading between the lines. The idea is to get in front of the details and announcements!
- In short, the announcement said that, there will be "$30 million going towards uncrewed aerial systems" (that says drones to me - not DRO but that's fine), and "$50 million for short range air defence systems"! (counter-drone fits here perfectly - drones are a big part of this war, and as we can see, 30% of the total budget supports these very 'uncrewed aerial systems'). [Actually; I just checked his X handle: he mentions drones by the name, drones!]
- Now, if drones are going to be the main weapon of choice in this or other wars, and since we already know that the enemy uses them a lot, it must follow that counter-drone equipment must grow!
4) That the rapid growth of drone use in war will obviously drive the growth of the counter-drone market, is how others, such as EOS, are seing things too! Here is what EOS are saying (below).
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Last
95.5¢ |
Change
0.005(0.53%) |
Mkt cap ! $832.8M |
Open | High | Low | Value | Volume |
95.5¢ | 97.0¢ | 94.0¢ | $3.837M | 4.013M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 211859 | 95.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.0¢ | 3015 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 211859 | 0.950 |
5 | 141998 | 0.945 |
20 | 133792 | 0.940 |
5 | 136073 | 0.935 |
9 | 132985 | 0.930 |
Price($) | Vol. | No. |
---|---|---|
0.960 | 2127 | 2 |
0.965 | 65686 | 6 |
0.970 | 123682 | 10 |
0.975 | 109149 | 6 |
0.980 | 114641 | 4 |
Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
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