Yep. They spent $198,000 on exploration but a whopping $1.287MILLION on "administration. Outstanding effort!
In the previous quarter they spent $1.08 MILLION on "admin" and $198,000 on exploration and - in the June Qtr - they spent $749,000 on admin.
In fact, in the last 18 months the company has burnt through $4.99m in "admin" costs alone. Given they only have $4.6m bucks left there is NO WAY these guys can avoid raising money in the future...and that means diluting all existing shareholders.
Ive seen companies pull RABBITS OUT OF HATS before - and I have even seen a few pull hares out of the arses - but DRG holders will need to keep their fingers crossed the new management team can do something spectacular here.
Patience required unfortunately
Ann: Quarterly Activities Report , page-3
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Last
$1.96 |
Change
-0.005(0.25%) |
Mkt cap ! $2.307B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.99 | $1.94 | $6.334M | 3.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10496 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 27902 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |