DRA 0.00% 19.5¢ dragon mining limited

shocking

  1. 5,108 Posts.
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    Yes that was the name of the horse that won the melbourne cup and it's the best word to describe the current situation with DRA. Gold goes up overnight and we have people selling into the large buyer. Gold is now AUD$1,184 and rising. PRU is valued at almost AUD$100 per oz instu. DRA a producer isn't even valued at that, if so would have a market cap of $110m which would give us a sp of around 15c, yet we should be valued higher for being a producer.

    DOW looks like getting hammered overnight, while gold is rising, lets see what happens tomorrow. I wouldn't hold my breath on seeing DRA go up even though it should.

    If gold keeps going up, a re-rating will have to happen eventually.
 
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