Dateline Resources (ASX:DTR) has left investors on the HotCopper forums either begrudgingly accepting or keenly suspicious after announcing on Wednesday morning that it’s halting trades ahead of a capital raise.
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Dateline, to remind, is a gold and critical minerals miner and the owner of the U.S.-based Colosseum mine, which, early last year, was directly referenced by none other than Donald Trump in a post to Truth Social.
(For those out of the loop, that’s his own version of Twitter that he started when he was banned from the platform at the tail end of his first administration.)
Dateline shot to prominence in early CY25; cooled off, shot to prominence again around September CY25 when critmins deals between the U.S. and Australia became the talk of the town; cooled again, and now has once more shot to prominence in early CY26 as critical minerals deals become the talk of the town. (Again.)
But while share price action mightn’t have been gangbusters on every day in between, it’s a closely watched stock Down Under, and for obvious reasons: The aura of the U.S. President caring about it, the happenstance of the U.S. President being fairly eccentric but generous, and then the possibility that this U.S.-facing project could actually become a Washington-funded critical minerals project.
The potential for U.S. gov’t funding is a possibility made real in the eyes of believers on the back of the Pentagon’s move to fund U.S.-listed MP Materials last year, a then-smallcap explorer not unlike companies Australian traders are familiar with. Of course, the fact that MP’s CEO is a longtime Republican donor probably helped.
So, for now, Dateline remains trapped in thematic limbo – it could go off, it might never actually receive another mention from Donald Trump again (and his attention span does tend to wander off at times), but in the realm of gambling on geopolitical capital gains, it seems as good a bet as any.
Unless, of course, it’s just a lifestyle company for its directors. But that might just be the Australian dream. What matters most is whether DTR raises at a premium or discount, and whether the raising is dilutive.
On that front − we’ll need to wait and find out.
DTR last traded at 37cps.
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