Aside from the obvious selldown by instos for their own reasons, my reading of the quarterly says that everything is on track for more positive results and the wisest option would be to hold or top up in expectation. I would not expect to see as large expenditure cash outflows during this quarter (estimated at $1.9 mil compared to $2.5 mil for last quarter), and therefore cash burn is not a major concern at this point in time. The ongoing general decline in participation by the instos is a problem the company needs to address, however: perhaps there needs to be more effort directed to encouraging smaller private investors to get involved, rather than organisations with little interest in assisting companies reach importtant milestones. This may be necessary not just for DRK, but many other small caps and micro caps. Just some semi-serious thoughts on a down day.
DRK Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
