Well said.
DRO claimed it needed $75 M. Why on earth did it then raise $115 M?
It will now have more that $100 M of cash on it's balance sheet that it will never use at massive cost to the future returns for shareholders.
DRO has grown from a market cap of $35 M to $700 M, or 20 times. Only about 10% of that growth has finished up in the hands of shareholders.
No thanks!
Well said.DRO claimed it needed $75 M. Why on earth did it then...
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Last
$1.57 |
Change
0.085(5.74%) |
Mkt cap ! $1.193B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.57 | $1.45 | $13.04M | 8.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8182 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 75229 | 7 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| DRO (ASX) Chart |