What are your thoughts on Dreadnought Resources (DRE)?
What are your thoughts on Dreadnought Resources (DRE), and what would future prospects be.
The Latest Q&A
Answer
Hi Brian,
SA based exploration and development company Dreadnought Resources Ltd (DRE) is a new stock to the MM report, it focuses in the “hot” EV focused copper, nickel, rare earths area plus gold projects. We aren’t familiar enough with this 5.6c/$182m stock hence our thoughts are very high level.
- After falling 70% over the last 9-months we have to place the stock in the too hard basket although strong support emerges around 4c.
- Worth noting that on a quick glance of their financials, they may need to raise cash soon.
On a broader note, the small cap space can lead to incredible gains at times, but the majority of speculative companies simply don’t deliver. It is so important to be intimately across the respective company if investing in this area of the market. Without specialist knowledge in this space or a desire to put in the work, it can be very difficult and costly.
