DDD 10.0% 0.6¢ 3d resources limited

Ann: Acquisition of an Advanced Gold Project in Haiti, page-19

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  1. 31,884 Posts.
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    I think there will be some sort of tie in with fund raising opportunity. CR is a necessary evil, it's not a bad thing. If this resource is as prosperous as they have purported with a short-term development cycle to get to production then it's money well worth raising.

    Looking at marketcap, let's say they raise $1mill at .35c (285mil shares), that gives DDD at .5c a marketcap of around $4.15mill (285mill+554mill=830mill shares). An acquisition of this type should easily be able to get the marketcap to $10-$20mill. All comes down to how the market values a resource in a highly volatile political region. Shorter-term production opportunity is a positive in that sort of environment.


    Only thing that concerns me is inside info is usually all over these scenarios and there wasn't a lot of interest before today so not sure how well the market will like it.
    Last edited by makattack: 06/04/17
 
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