DRE 17.7% 2.0¢ dreadnought resources ltd

Tax credits do not have to be share issue related, they can be...

  1. 2,353 Posts.
    lightbulb Created with Sketch. 518
    Tax credits do not have to be share issue related, they can be used for debt funding as well. What say they decide to raise an investment bond for developing a DFS on YIN? Buyers could be offered a bond paying interest that could be offset by the tax credit or fund the decision to mine at Mangaroon JV. Many options come to mind.

    We dont know but this is still a significant benefit (sweetener) for a future funding package (cr, debt, buyin by insto)

    I am sure Potters or Goldmans are working up how best to use this.

    BTW. The quantum of this should be read. Tax credit of $1.357m at 27c = $5m funding package fully franked. Can raise higher but would not be fully tax free.

    Very positive IMO
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.003(17.7%)
Mkt cap ! $70.26M
Open High Low Value Volume
1.7¢ 2.2¢ 1.7¢ $730.9K 35.90M

Buyers (Bids)

No. Vol. Price($)
18 5885982 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1855787 7
View Market Depth
Last trade - 16.10pm 07/06/2024 (20 minute delay) ?
Last
2.0¢
  Change
0.003 ( 14.3 %)
Open High Low Volume
1.8¢ 2.2¢ 1.8¢ 31528268
Last updated 15.51pm 07/06/2024 ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.