DRE is not going to collapse they have 8+ million in cash following a recent cap raise and a separate drilling program 100% funded by first quantam + they have millions of their own money invested in dre. Unfortunately we are caught up in an overall spec stock down trend, i have a carefully put together watch list which is a sea of red this is an unprecedented spec stock downturn. If it was confined to dre alone then there would be cause for concern. DRE have multiple projects across multiple ground and are exploring for multiple commodities and a significant discovery could be only one drill hole away. In addition specific commoditie prices have collapsed REE, lithium nickel etc further impacting the exploration frount. Fact is we hve to ride out the storm and await an inevitable reversal. To sum up DRE cashed up, highly prospective projects, top exploration team and backing from people who have made previous company making discoveries. The fundamental,s remain the same so patience is now the best strategy good luck and hang in there.
DRE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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