I am paraphrasing, but in their last quarterly report, they mention they had entered into a factoring facility whereby a bank gives them cash for ore sent to refineries - effectively this brings forward the receipt of cash by a few weeks - a one-off increase in cash by $1.5m - technically this is debt and the purchases are for more than this amount, so they are either making money, or they have sourced it from elsewhere. The next quarterly report at the end of the month should provide some clarity.
DRA Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held
