DRE 6.67% 1.6¢ dreadnought resources ltd

Ordinarily I would agree with you on the Cu.... but these aren't...

  1. 1,428 Posts.
    lightbulb Created with Sketch. 1913
    Ordinarily I would agree with you on the Cu.... but these aren't ordinary times.
    China's downturn and global affairs are keeping a lid on most explorers.... with no income.

    An example...
    This Cu discovery and report by CNB on the 9/9/'24.


    https://hotcopper.com.au/data/attachments/6453/6453642-0d7dd70b1c34f4bf30ed543029906fb9.jpg
    Only part of the results.... it did nothing for their SP.... in fact it dropped, go figure.
    They opened 9/9 at 41.5c and dropped to 36c next day... 10/9.confused.png
    It's opened today @ 36.5c.
    It's not just a DRE thing and that is why I believe income from gold production will support the SP and provide funding for exploration until the market turns for the better.
    We have reached a stage imo where we need to stay afloat slow down dilution and weather out the worldwide financial storm.
    Gold will have a buyer at record prices.... there's something to say for that. cool.png
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.