Not much HC comment on the latest Financing Update.
The way I read it is that DML has enough money & hedging benefits until the end of this year.
DML therefore has 7 months in which to get its act together and start making a decent profit. (Assuming there is no takeover in the meantime...)
This temporarily takes the pressure off having to sell off the farm at fire sale prices but I believe it is the Co's very last chance to make a success of the mine.
Hopefully it will be a "Merry Christmas & Prosperous New Year" in December!
DML Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held