DRA 10.3% $1.83 dra global limited

paying the price for hedging, page-13

  1. 886 Posts.
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    re: gold goes up dra goes nowehere From a charts perspective, this baby looked like taking off last week - this announcement today does not help SHORT TERM matters -why? From a technical perspective, any indifference towards the stock will now be worsened by the placement. I sold my stock at $0.18 at no loss bar brokerage. I believe in DRA, but I am now putting my bidding price down @ 0.15. I am leveraged, so I am only putting a small amount of capital at risk, but I reckon long term they might get their act together. Hedged, though, in the current environment, current holders might just get the jack of what is going on. You have to feel for that fund who just bought 25m......hey, head up fellas.

    Marchello
 
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