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
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
Yep. They spent $198,000 on exploration but a whopping...
-
-
- There are more pages in this discussion • 9 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 BGL (ASX) to my watchlist
|
|||||
Last
$1.18 |
Change
0.030(2.61%) |
Mkt cap ! $1.510B |
Open | High | Low | Value | Volume |
$1.18 | $1.20 | $1.16 | $16.93M | 14.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 7499 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.19 | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6500 | 1.180 |
7 | 133533 | 1.175 |
7 | 145270 | 1.170 |
9 | 95546 | 1.165 |
14 | 219935 | 1.160 |
Price($) | Vol. | No. |
---|---|---|
1.185 | 30000 | 1 |
1.190 | 98289 | 5 |
1.195 | 106656 | 3 |
1.200 | 305456 | 7 |
1.205 | 161209 | 3 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
BGL (ASX) Chart |