No news, delayed assays, no hit first pass on carbonatites, general market sentiment has no patience for small caps currently and if we are being honest we have good potential, but with poor fundamentals vs what the MC was above 10c on our potential resource.
We are a light year or two from getting to mine what is inferred in the ground at Mangaroon and only have 30% of any nickle if it is proven mineable.
If Dean is confident in what he has, he should keep doing what he is doing, if they are considering it is not as good as once expected, look to get some targets on Mangaroon quartz and apply for permitting while the rigs are there and make sure Kimberley happens second half of the year.
Now it gets hard, for the first time in 18 months I am below my average buy in, an own goal from me for adding above 10c. But there is much to be said for not falling in love with a stock. When there isn't much in the way of fundamentals, follow the technicals, that would have exited between 11-12c last year. But, no matter how ugly it may get I am in till the end of the year. Would be nice to see a calming announcement and some more realistic updated timelines out this week.
What you can hope for, is no military aid to Russia from China, that will crash markets and denote a shifting of the current paradigms of world power. Stabilisation of global inflation and a reduction of bond yields as this will push folks back to shares. I would hope for a rally late next month and into May, but then it will decline into June as losses are crystalised for tax season.
DRE Chart, page-1980
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $65.32M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.7¢ | $12.94K | 758.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1514488 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 1026365 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1514488 | 0.017 |
21 | 4621927 | 0.016 |
34 | 6382494 | 0.015 |
12 | 3875735 | 0.014 |
7 | 2710999 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 1026365 | 6 |
0.019 | 1389591 | 6 |
0.020 | 2415762 | 10 |
0.021 | 2374859 | 10 |
0.022 | 1317500 | 4 |
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