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0.6¢ 3d resources limited

Agree on raising, it's a necessity, what good is a project of...

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kroehny17

1,105 Posts.

06/04/17

12:40

Post #: 23903436
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Originally posted by makattack ↑

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.

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Agree on raising, it's a necessity, what good is a project of any sort if you can't advance it? Definitely going to be interesting to see what other news they have and release.

DDD Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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