Dart just announced the confirmation of an extra 19m in the bank and you guys want to focus on bots!
19m in hand + (placement + entitlement) = ~39m. 17m debt facility drawn down of which they've probably used about 3m.
If they use the remainder of the drawn amount to repay the debt, then the company should have ~36m cash in the bank by the time the entitlement offer concludes.
+ Asset sale in India on the way.
That's a very healthy cash balance @1.1m overheads per month.
JV will secure UK shale development for a couple of years. +more rumblings about NSW gas shortage which is likely to lead to a review of their stupidity.
DTE Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
