DRO 8.37% $1.04 droneshield limited

Ann: Trading Halt, page-43

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  1. 60 Posts.
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    DRO was trading at 0.18 around a month ago before rapidly climbing to 0.42 then levelling off at 0.37.

    The talk on HotCopper was whether the price would fall back to 0.18 range in a similar way that its price has fallen back after previous sharp rises.

    I would see the CR of 0.30 (at discounted price) is a vote of confidence by investors that the share price won’t fall back below 0.30 anytime soon. If investors are happy that 0.30 is a “discount”, I feel confident there is support of the value of the current share price.

    Hopefully more sales soon will maintain the upward trend.
 
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