AGM presentation suggests a very good quarter coming up.
As at 31 March DRA had $11.8 in cash, gold and receivables. 54 days later this totaled $16m.
All being equal by June 30 BAU cash, gold and receivables could be $19m. With the $7.8m CHN money DRA could be sitting on a massive $26.8m by 30 June.
Pay back the convertible notes of $10.2m and we are still left with $16.6m.
$5m on a share buyback would go a long way and worth doing if this cash flow can be maintained.
All we need now is an increase in reserves and mine life.
agm, page-3
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Last
$1.81 |
Change
0.000(0.00%) |
Mkt cap ! $100.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 59 | 2 |
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| Last trade - 10.02am 08/10/2024 (20 minute delay) ? |
| DRA (ASX) Chart |
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