The trolls are back again it seems. A couple of posters appearing from the woodwork in the last few days, some new accounts too. SOI and further dilution is obviously an issue most stocks on the ASX have to deal with, for explorers and developers it is even more difficult when you do not have the cashflow coming through the door. However, DRE has its main focus on gold production at S.O.M by early 2026. Hopefully, this is one of the final raises before then, when the huge profits from gold mining starts entering the company accounts. The trolls will latch onto any form of negativity, capital raises are the main ones, but it is all part of investing in this low cap area of the market. If you want to be drilling and exploring, you need cash in one way or another. If you cannot handle it, invest in blue chips and dividend stocks, but do not try to lecture others in here. We know how it all works!
I would be very surprised if this stock went too much lower than 1.3c with $14M now at the disposal of management and multiple projects on the go and a huge work stream ahead. News flow is already way above most companies I hold, but it is about to ramp up even further. This will no doubt kick the volume along and ensure the interest remains. I will be holding long term into production to see the recovery take place and shareholders will be very satisfied by then IMO. Just please no consolidations management! Let the share price reverse naturally like most stocks do as market conditions change and the liquidity flows to certain sectors. It seems Dean is aware of this in response to Eddy's question, so that is nice to see! Some big changes in the market in the past couple of months, which is no surprise seeing gold solid above $3000.00. Good luck everyone!
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dreadnought resources ltd
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $50.79M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $40.17K | 4.340M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 17182138 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 8906898 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 35745 | 0.010 |
54 | 17698460 | 0.009 |
23 | 11459958 | 0.008 |
10 | 8029959 | 0.007 |
7 | 10545111 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 8719084 | 15 |
0.011 | 5747434 | 13 |
0.012 | 3158338 | 11 |
0.013 | 4532015 | 16 |
0.014 | 6038864 | 22 |
Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
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