DRA 0.00% $1.96 dra global limited

Mr Poon, Pak and Ip want your shares for 0.35 A$ ?, page-6

  1. 312 Posts.
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    philc56:
    "About 70% of DRA shares are owned by 4 companies so that only about 30% are held in small holdings.  At the current market cap of A$15.1M there's "only" about A$4.5M worth in the hands of holders subject to "panic".  I don't think that is a worry."

    To hold the Hong Kong price that could be a worth of about 9 million of Australian shares. If the price would fall that small investors in HK may panic which would correspond up to worth of 17 million A$.

    For non-panicing big owner professionals it may mean cutting losses as long as there would be any buyers.
    It would an analysis of cash flows and diminishing amounts of ounces planned to be produced
    https://hotcopper.com.au/threads/loan-use-5-million-by-15-may-cash-crises-terms-of-the-loan.4250206/
 
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