RE:RE:15 year high and trading at a 2023 p/e of 5Yes, it was a typo.Thanks pennydredful
DRX will go up, consolidate and go up again.This is a stock for small investors.
They have huge tail wind.
On the last CC, M. Paschini hinted at getting a smaller version of their new Zebau automated line
for their Montana plant.
This machine is expensive but now that they have the experience of their first machine in
Terrebone,the learning curve would be a lot easier.
With 11 production baies in Terrebone, i am also hoping for another smaller version
for Terrebone.
With all these contract winning,DRX will need to work on their working capital so
i am not expecting a dividend increase even with a spectacular increase in profitability.
The Quebec goverment got involved in the financing with a portion of the loan of
the firt line at a zero interest.
Maybe they will get another one.The QC goverment is very business friendly
and is trying to develop the EV battery industry.
PM Legault said this morning that there could be annoucement soon.
DRX would be a front runner in building these new plant structure.