Sorry for the slow reply.
I don't have a strong opinion. We have a rising market, but DRO is rising faster than the market. It is hard to know whether that means anything. I think the idea that someone is accumulating a decent stake doesn't seem particularly likely since the volumes are higher than usual but not excessively so. The good news for DRO is that the price increase has not drawn out huge numbers of sellers.
I also think that the idea that the rises are a result of some kind of pump to influence EGM results is implausible as it would involve spending a lot of money for an uncertain result.
I have sold out again. There is simply too much risk with the upcoming EGM to hold the stock at these prices. If this EGM gets over the line, my guess is that it will kill the share price for some time to come. Of course there is also a good chance that it will get knocked on the head, which would be a positive for the share price. My position is that I don't know what the outcome will be so my preference is to sit on the sidelines and see what happens. I never fear missing out on a rise, it is being killed on a stock that I really want to avoid. At the moment I am keeping my money in my pocket to ensure I can fight another day, even if that means in a different stock.
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Last
$2.13 |
Change
-0.020(0.93%) |
Mkt cap ! $1.624B |
Open | High | Low | Value | Volume |
$2.22 | $2.27 | $2.05 | $37.47M | 17.53M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 156846 | $2.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.14 | 102089 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 156846 | 2.130 |
4 | 38250 | 2.120 |
3 | 4231 | 2.110 |
12 | 215676 | 2.100 |
3 | 15128 | 2.090 |
Price($) | Vol. | No. |
---|---|---|
2.140 | 102089 | 7 |
2.150 | 129235 | 12 |
2.160 | 15000 | 2 |
2.170 | 61411 | 7 |
2.180 | 64364 | 8 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
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