You are 100% correct. It is also what I've been saying. DRE is literally being sold off as a proxy to neodymium prices. Quite ironic considering they aren't in production, have 4 other projects, and are cashed up. They are in exploration growth and value buyers will notice this eventually. Traders are just trend following atm, buy when value buyers are met and their volume breaks downwards structure, traders will end up buyers on dips; hence how swings occur.
There is nothing more cringe than forcasters claiming that their predictions were correct when it is blatently obvious they were right for the wrong reasons; therefore wrong despite price moves. Literally rationalism at its finest.
You are 100% correct. It is also what I've been saying. DRE is...
Add DRE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.23M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $18.35K | 1.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3716753 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2087832 | 10 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.7¢ |
Change
0.000 ( 5.03 %) |
||||
| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.7¢ | 802104 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| DRE (ASX) Chart |