DDD 10.0% 0.6¢ 3d resources limited

Ann: Quarterly Cashflow Report, page-138

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  1. 31,884 Posts.
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    my question is why traders like/wanna flip DDD with millions millions turnover in the last 3 months?

    To make money? Volume attracts traders. Recent placement and involvement of Pattos helped increase volume. That's what Pattos wants. Interest to sell into. There was some minor increase in volumes November/December but the real big volumes have been in January, so really only the last month or so.

    I do agree though, unless I have missed something, DDDs marketcap is cheap and with placement out the way and some money in the bank is setup for some news that should theoretically give it a share price boost.

    Just to be clear with your RMX example, it did not go from .3c to 4.5c, there was a 32 to 1 consolidation of shares. After consolidation share price dropped and it did go to 1c and is now over 4c. Just for perspective RMX 3 years ago was the equivalent of 64cents, now 4c.
 
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