DML 0.00% 1.9¢ discovery metals limited

latest update on voluntary suspension, page-38

  1. 1,097 Posts.
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    Gocu, I reckon management got a bit of a fright with the events of the past few weeks and will make doubly sure we get some good news soon - their jobs & reputations rest on it.

    I also believe management's prediction of becoming cash-positive during this quarter will happen.

    If you look on page 17 of the last quarterly you will see the "estimated cash outflows" for this quarter are only $12m plus interest of about $3m, so you are looking at around $15m

    Last quarter we had cash inflows of $32m + $4m = $36

    You can't be more positive than that!
    ____

    On the last day of trading, I had a buy order in at 30c - now I wish I had rather made it an "at-market" order....
 
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