Dude, Dre will never be going to a bank for funds. Unlike companies such as Hastings who need hundreds of millions to develop their mine, we're an exploration company - we only need funds for drilling, meaning we only need funds in the tens of millions. On the back of just Yin's first drill results, we did a cap raise for $12 million at 6 cents a share, which was easily filled. Based on further outstanding results at Yin, the sabre discovery and now the mineralised carbonatite discovery, our story has only improved. If we ever need more funds, we'll just go to the market for a quick cap raise, it'll be easily filled, and since our story is so promising, you won't hear much moaning and groaning. Yes, we retail investors probably won't get a look in and we'll be a bit diluted. But the smart investor knows this and has already purchased additional Dre shares at these low prices to compensate for that.
DRE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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