$DRONESHIELD LTD(DRO.AU)$ significant volume of sales went through on Friday Feb 28th which can now be confirmed as shorts covering - down to 6.8% from 10.76% on 18 Feb a drop of 17m.
Regal Funds have shown their hand as a buyer now over 5% which they continue to add to. Could wax lyrical regarding the wider macro tailwinds on defence spending and changes to law which will boost sales but as always the proof is in the contract. Expect to see steady growth of SP but may explode on material sales announcements. Expect to revisit $1 in the near term with $2-3 in play should sales exceeding $200m occur this year.
Critical contract for Land156 expected to be announced by June/July this year.
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