DRE 4.76% 2.0¢ dreadnought resources ltd

The chart is telling a tale of woe this week, that has really...

  1. 5,327 Posts.
    lightbulb Created with Sketch. 867
    The chart is telling a tale of woe this week, that has really continued for the last 11 months, the stock is osculating lower, nearly each time with a lower high and lower low, we have been below all indicators for the last 4 weeks closes.

    This week, we have accelerated to sell momentum through the MACD and the target of 3.8c is on for the bargain hunters. Given this stock was smashed off a cash sensitive announcement this week, for values sake, the sooner they get the drill rigs off the Mangaroon REE's, the better. Then positions will start to be taken for copper results. You have to assume the directors are trying to line their own pockets along the way, but from my perspective, the market couldn't care less about the REE's and the deposit doesn't look economic to mine with the spread and distribution of the ore bodies;

    https://hotcopper.com.au/data/attachments/5519/5519930-f31fe47d2f882a11d56af6e5c0a6d1ab.jpg

 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
-0.001(4.76%)
Mkt cap ! $70.26M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $103.9K 5.161M

Buyers (Bids)

No. Vol. Price($)
13 8253903 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1266017 5
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.