don't think that is technically correct! As you said they are just bringing forward their receivables having sold, or factored, their invoices.Its their money, they are just getting it sooner. Nothing to do with debt.
A rather clever move in that the interest on the notes are, say 13-14% @ 70-75c, where the factoring cost would likely be, say 2%.
Last time I was in DRA I bought at 5.6 -7.3C years ago with the first started in Sweden. It has come pretty much full circle. What is positive is that they have reduced their horrible hedging to virtually nothing and they now have 2 profitable mines, as announced. The nightmare start up is well behind them.
I have been buying back in and will continued until app 6c. Then let time and Gold price do the rest.
- Forums
- ASX - By Stock
- DRA
- the whole smallcap gold sector is breaking out
the whole smallcap gold sector is breaking out, page-21
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.98 |
Change
-0.030(1.49%) |
Mkt cap ! $109.7M |
Open | High | Low | Value | Volume |
$1.98 | $1.98 | $1.98 | $8 | 4 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3804 | $1.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.98 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3804 | 1.860 |
1 | 9750 | 1.855 |
1 | 12000 | 1.850 |
1 | 556 | 1.800 |
1 | 320 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.980 | 2 | 1 |
1.990 | 3 | 1 |
2.000 | 3 | 1 |
2.010 | 3 | 1 |
2.020 | 3 | 1 |
Last trade - 10.26am 02/09/2024 (20 minute delay) ? |
Featured News
DRA (ASX) Chart |