im massively bullish on DRE, and have (had) been holding since the march lows...
but alot of people here need some perspective.
at 6c DRE had a Market cap of 150mil - thats huge for an explorer with no resource and lots of rock chip samples
at 4c = 100mil which i still think is over valued
with over 2billion Shares on issue, whats your trade target for buying at 6c ???
a major discovery (like RTR) would only get you to 12c (300mil market cap)
there are aussie gold explorers with 1mil + oz JORC reserves valued less than 50mil
Ive got my buy orders in much lower - if it gets hit great, if not oh well - move on to the next one
DRE Chart, page-251
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.54M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $42.87K | 2.381M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4251339 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1104898 | 3 |
View Market Depth
| Last trade - 15.08pm 11/10/2024 (20 minute delay) ? |
| DRE (ASX) Chart |