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An update from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited has issued 4,721,029 unlisted options to directors Paul Chapman and Philip Crutchfield, following shareholder approval. These options, exercisable at $0.018 before August 2029, are part of a strategy to preserve cash for exploration by compensating directors with equity. This move reflects the directors’ commitment, as they have invested over $7 million in the company, potentially strengthening its financial position and aligning management interests with shareholders.
The most recent analyst rating on (AU:DRE) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Dreadnought Resources Limited stock, see the AU:DRE Stock Forecast page.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in the discovery and extraction of valuable minerals, aiming to capitalize on market opportunities in the resource sector.
Average Trading Volume: 5,179,393
Technical Sentiment Signal: Sell
Current Market Cap: A$60.95M
For detailed information about DRE stock, go to TipRanks’ Stock Analysis page.