Just the remaining placement shareholders selling their stake for a quick profit. This seems to have worked its way through.
Looking forward to the DFS information. In the roadshow presentation on the 4th-September-2018 they said that the Cyclone project had an NPV of A$190m (including the capex and opex required to build and operate). Given the current share price values the company at a market cap of $25m then if the DFS study comes up with similar or close to similar conclusions, with info on potential offtake parties, then DRX share price could easily double, triple or more, when the DFS is released, to get the market cap up to something more indicative of the intrinsic value.
Will be an exciting day when the DFS is released. Good news is that it should land within 1 week, so hold on.
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Just the remaining placement shareholders selling their stake...
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Last
2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $74.59M |
Open | High | Low | Value | Volume |
1.8¢ | 2.1¢ | 1.8¢ | $31.45K | 1.608M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 457340 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 452365 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 457340 | 0.019 |
2 | 217476 | 0.018 |
3 | 2184428 | 0.017 |
1 | 160000 | 0.016 |
7 | 854881 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 452365 | 1 |
0.023 | 1482640 | 4 |
0.024 | 350000 | 4 |
0.025 | 614500 | 5 |
0.026 | 68181 | 1 |
Last trade - 10.54am 28/06/2024 (20 minute delay) ? |
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DRX (ASX) Chart |