DRG are not checkmate but they need to wait until China's stockpiles of semi-soft coke are run-down. This COULD mean waiting until 2014 so a strategy is needed.
DRG have cash of $6.03m at the end of the last quarter and ran-down $715k over the quarter. That points to a cash burn around $2.85m per year.
There are problems in Indonesia and the company has pointed to certain factors needed to be addressed before proceeding.
South Mongolia is different and the semi-soft coke has been tested in Australia at m reflective - 6 and looks good. So that is to be the way forward when markets improve.
Meanwhile the directors need to find a new backer in Australia
mothballed situation
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $1.676B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.32 | $1.28 | $9.023M | 6.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99998 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 121856 | 8 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BGL (ASX) Chart |