DRX 2.04% 2.4¢ diatreme resources limited

The majority of wealthy investors are taught to ignore the penny...

  1. 1,261 Posts.
    lightbulb Created with Sketch. 103
    The majority of wealthy investors are taught to ignore the penny dreadfuls . They buy well established dividend paying companies shares at exorbitant prices because that's the "intelligent " thing to do. However people such as myself prefer to take the gamble and buy in (often at hopeless odds) and oft times we win. We also lose. When a penny dreadful starts to pay a dividend a PE is applied and the well heeled then buy sometimes at 50 times the gamble price because (a) they have the money and (b) it's a dividend paying company. They're content to pay multiple times the price to buy something that has multiple risks removed, and there's absolutely nothing wrong with that. Having said that I think I can confidently predict that most of DRX's risk has been removed and may now be in the sights of some sophisticated entrepreneurs. And from experience I've noted many time that it only takes 1.
 
watchlist Created with Sketch. Add DRX (ASX) to my watchlist
(20min delay)
Last
2.4¢
Change
-0.001(2.04%)
Mkt cap ! $125.2M
Open High Low Value Volume
2.4¢ 2.5¢ 2.4¢ $133.5K 5.562M

Buyers (Bids)

No. Vol. Price($)
3 1215834 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 2044828 4
View Market Depth
Last trade - 15.51pm 18/11/2024 (20 minute delay) ?
DRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.