Fair comment. DCC raised approx. $7mm in January & March this year with a SPP and private placement. The March quarterly showed closing cash of $8mm, June showed cash of $6mm and Sept showed cash of $4mm so DCC is burning around $2mm cash per quarter or $8mm per annum and not achieving anything meaningful. With about two quarters of cash left the market will anticipate the need for more capital which will continue to punish a very weak share price. Another cap raise will struggle and be very dilutive. The temptation to sell more bitcoin will be strong. The outlook is very poor for DCC. And what will happen with the Mt Gox bitcoin saga which seems to drag on endlessly with no clear path forward?
DCC Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)