Whether we finish at 20c or 21.5c today is irrelevant to be honest. The share price won't be taking off anytime soon without news on the Middle East contract, any other news is irrelevant and priced in. The key mover is the Middle East contract, without out that contract, there is no interest for the market.
DRO is in a sideways trading pattern which is being held as people are pending an announcement on the Middle East contract which was expected in Q3. I am confident we will see this signed this month given we have preferred bidder status and are waiting for contract execution. Whilst its frustrating as we were expecting it in Q3, defence deals take time, if we don't see this deal announced this month, I don't expect the share price to hold up well in the short term.
Whether we finish at 20c or 21.5c today is irrelevant to be...
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Last
$1.37 |
Change
0.045(3.41%) |
Mkt cap ! $1.190B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.38 | $1.30 | $12.40M | 9.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 90320 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 69277 | 8 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |