DRE 0.00% 2.6¢ dreadnought resources ltd

Ann: Star of Mangaroon Camp Scale Gold Prospect Expands, page-41

  1. 660 Posts.
    lightbulb Created with Sketch. 338
    Probably unfair to label them all as dog stocks.
    The market is simply following the money and at present that is into income producing stocks even if they are over priced in some cases. In difficult financial times the spec arena is considered too high risk for many. Personally i see a market correction as inevitable in the near future once the bubble bursts as it inevitably will. The problem facing small cap explorers will be raising cash at what for many will be all time SP lows, dilution will be significant across the board. Historically this has happened before and it tends to weed out the crap lifestyle companies that do little even in good times, so a good clean out of the rubbish will be a good thing. Exploration companies are the back bone of the commodities market supplying many of the discoveries that in many cases are scooped up by the big miners. So a long term retraction in the small cap exploration areana will have flow on effects across the board. When will it end have absolutely no idea. Just got to ride out the storm and see whats left when it eventually ends.
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
0.000(0.00%)
Mkt cap ! $91.34M
Open High Low Value Volume
2.6¢ 2.6¢ 2.5¢ $203.3K 8.067M

Buyers (Bids)

No. Vol. Price($)
1 150000 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 1376652 4
View Market Depth
Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.