Does DRO have many patents? I have been meaning to make a post about that too. My best guess is that they don't own a lot of the DRO technology.
I do not think this just could just an EU airport deal. It would not be big enough alone. This is a strategic move by DRO. Most people would announce a sale and have a cap raise after at a higher price. But they are up to something and we will not know til it is announced.
I guess my point is that I do not think DRO is worth much more than 20c even with a Saudi Sale. And why would they trust them to pay now. A company with 50m in MC should be generating 25m in sales and 5m in profits annual. Something like the Saudi sale every year.
Patterns - The cap raise many saw coming, page-8
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Last
$2.34 |
Change
0.160(7.34%) |
Mkt cap ! $1.784B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.35 | $2.15 | $48.00M | 21.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3150 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 25989 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |