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.
I very much doubt this gets back to 80 cents.Assuming the...
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Last
$1.22 |
Change
-0.035(2.80%) |
Mkt cap ! $1.059B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.28 | $1.22 | $15.76M | 12.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 150913 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 50500 | 2 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |