DRE 5.56% 1.7¢ dreadnought resources ltd

Still range bound, and in what I consider a "consolidation"...

  1. 115 Posts.
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    Still range bound, and in what I consider a "consolidation" phase.

    Bought another million shares yesterday so still averaging down.

    My thoughts are the consolidation phase will continue between 4-5 cents until the expected assays and resources are defined more accurately through the winter.

    I would not be surprised if we get the occasional POP as Dean makes his way east on the roadshows he's presenting at. The story keeps improving and the latest 400K free cash for drilling addresses the potential that is still unlocked in the share price performance. In Deans words "to receive both grants we applied for in a very competitive process is very encouraging"

    https://hotcopper.com.au/data/attachments/4303/4303816-a41bb6a1b3b6bbbb429849b1e9a82fb9.jpg
 
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