DRE dreadnought resources ltd

I don't know about others, but I do not give a cr*p about other...

  1. 14,312 Posts.
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    I don't know about others, but I do not give a cr*p about other posters trading history and what they bought and sold at. Let's stick to the DRE discussion and not get off track please!

    The facts are that we are going to end 2024 at basically rock bottom - around the 1c mark. A massive downtrend has taken place during 2024. Whatever way you look at it, that is a huge fail for management!!!

    I respect management and personally I like their work ethic, their communication with shareholders and the way they wear their heart on their sleeve for this company, including how invested they are financially! However, they need to make some massive tactical changes to get this stock back up. Clearly none of the above is helping and some other tactics are needed! Will that include some JV's or additional sales of projects? Or perhaps finding a way to fast-track to gold production, which IMO is the company lifeline and major strength. I believe management are going to pull some surprises out for 2025, and frankly they need to. You do not continue operating the same way when things are not working.

    I also believe the global liquidity is going to return to commodities and physical assets in 2025 - enough of this worthless fairy dust coin crap, enough of the USA being in a record tech boom, markets at their peak. It is all a big facade driven by governments, media and institutions. The poor economic fundamentals just do not stack up to support that and the true numbers are eventually going to trickle out and they have started to this week. Once this all comes back to reality, along with the USD, then other sectors (including commodities) are going to enjoy that liquidity again.

    Personally, I am buying at these levels because we are seriously not that far from 0 now at the rate this stock has already declined. It is very close! In my view, despite what anyone thinks of this company, with all the assets combined, it can never be a $0 market cap and buyers should support the share price well below 1c from here imo.

    Last edited by coto: 20/12/24
 
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(20min delay)
Last
1.0¢
Change
0.001(11.1%)
Mkt cap ! $50.79M
Open High Low Value Volume
1.0¢ 1.1¢ 0.9¢ $265.6K 27.24M

Buyers (Bids)

No. Vol. Price($)
51 20039252 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 1244165 4
View Market Depth
Last trade - 16.18pm 23/06/2025 (20 minute delay) ?
DRE (ASX) Chart
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