DRO 2.80% $1.22 droneshield limited

Ann: Successful Completion of $120m Underwritten Placement, page-121

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  1. 3,145 Posts.
    lightbulb Created with Sketch. 1532
    I very much doubt this gets back to 80 cents.

    Assuming the majority of placement holders who just spent $120M @ $1.15 haven't sold yet, then I'm sure they would support the SP further by buying more between say $1 and $1.15.

    My guess is it won't go much below the placement price as there will no doubt be some positive news flow in the near term to keep things moving along.

    I thought I had missed the boat on DRO but happy to be a holder as of yesterday and today - at what I consider to be very good buying given the long term prospects.

    I'm not looking for a quick buck - l'm looking for multiples of this investment over the next 5 years.

    I think we are seeing a very serious company in the making here, and I plan to add to my position over time.
 
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