redblue - each to their own analysis but in my view the two runs are based on completely separate fact patterns. Last time the run was on a potential large deal that did not eventuate and the price dropped. Again in my view, this run is based on existing sale orders and a completely different macro environment for counter drone technology that has flowed out of the war in Ukraine. At a macro level, the exposure and market for counter drone technology is exponentially higher then last time. The question for me is whether Droneshield can continue to capture a material portion of this increased market.
I have no view on short term price fluctuations and everyone needs to make their own decisions. In my view though from a fundamental perspective it seems like the perfect storm with perfect timing - key regulatory approvals already in place, significant existing order flow, wide product suite of proven technology (based on testing by regulators such as the latest one in Canada) and all in a rapidly expanding market. Good luck holders
DRO Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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