DroneShield (ASX: DRO) gained by 10.71% last night in ASX trading to close at its high of day of $1.085 per share for a gain so far of 442.50% since NIA's suggestion at $0.20 per share.
Three weeks ago, with DRO at $0.83 per share, NIA sent out an alert about how DRO's main competitor DeDrone was just acquired by Axon Enterprise (AXON).
We would put DRO at or near the top of our list of the top three companies we follow that are most likely to be acquired within the next 6-24 months at a massive premium along with Augusta Gold (TSX: G) and Orogen Royalties (TSXV: OGN). NIA predicts that DRO will be acquired by a multi-billion-dollar defense contractor for approximately $2 per share within the next 6-24 months.
Augusta Gold (TSX: G)'s most likely acquiror would be AngloGold Ashanti (AU) at a price of at least $5-$10 per share within the next 6-24 months.
Orogen Royalties (TSXV: OGN)'s most likely acquiror would be Altius Minerals (TSX: ALS) at a price of approximately $2 per share within the next 6-24 months.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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