At least we know the team are having a go , so many small cap stocks that deliver absolutely zip year after year. How would you compare a stock like DRE to as an example MRR which I have a holding in, MRR have done some soil samples and 4 drills in the Lachlan Fold belt of NSW in all 12 months and that’s just about the norm every year but collect their board wages and I think the MD takes close to $300k per year, have almost $10m cash and have said they are looking aggressively at acquisitions but can’t agree with vendors on valuations. They have a Sofala tenement with 350k ounces of gold and been there since 2012 but no plans appear to be in place to mine , assuming it’s either uneconomical to mine or bullshit, DRE have under 50k with growing potential and a foundation building to turn it into $, good luck all with next week for some good news.
DRE Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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