DRE dreadnought resources ltd

12.5%

0.9¢

Hypothetical Question, page-3

First 3 Last

Share
Profile

Follow
McKhenry

5,487 Posts.

911

20/10/22

20:36

Post #: 64308593
Share

Originally posted by copperroad: ↑

That can only be answered by the management at the time. It’s not a straight forward answer. If you get offered disappear and see u later money, then they may decide to take that. Remember that this is still very early on for DRE in the discovery phase. It’s worth more than the market cap now, but it could be multiple times this scale and hence the push towards multiple rigs. They would not entertain a straight sale now because you cant get close to calculate the asset value. As Dean said, we won’t be giving it away. Canaccord can see 24c when they get to about 40m tons. That’s won’t take long at this rate.
I think that they need to keep adding value and then probably sell off the REE separately. They have said they don’t want to build it. Drill it and sell it seems to be the preferred goal. Then you get to maximise the remaining asset value. If they sell it for a chunk of money, then they can return some money to shareholders. It’s a good plan for those who wait. It’s not like they need to find this from scratch. It’s there.

Expand

Divest to another company is the best outcome here for their shares. It potentially moves a bigger payday forward a few years, which keeps management hungry for the dicoveries on our current and future ground here and now.

Last edited by McKhenry: 20/10/22

DRE Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

RML

Resolution looks to 'strong historical data' as Horse Heaven search begins

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.9¢		Change 0.001(12.5%)		Mkt cap ! $45.71M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$36.43K	4.048M

Buyers (Bids)

No.	Vol.	Price($)
6	1498562	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	7080068	15

View Market Depth

No.	Vol.	Price($)
6	1498562	0.009
65	27761107	0.008
23	9954863	0.007
9	10794998	0.006
8	3710006	0.005

Price($)	Vol.	No.
0.010	7080068	15
0.011	3510250	9
0.012	2783338	8
0.013	4154642	14
0.014	4939076	22

Last trade - 10.33am 03/07/2025 (20 minute delay)

DRE (ASX) Chart

Hypothetical Question, page-3

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

Resolution looks to 'strong historical data' as Horse Heaven search begins

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hypothetical Question, page-3

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

Resolution looks to 'strong historical data' as Horse Heaven search begins

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News