I can only hope Timbin, that you continued to do so. Today's capital raising is an interesting outcome, as the size implies they believe that it will be enough.... yet... in 2 months they have again burned through $11m in capital to be sitting at no net cash.
I find the wording of the newest capital raising a bit patronizing. More $$$ for drilling. Give it a break. That is what the last raising was for. Management should just be honest, say... we need more capital to keep stripping our very marginal pit... nothing more.
I was almost getting optimistic about DCN for a while, but... my $0.15 price target is sadly looking less 'crazy'. What is the company actually worth....? Who knows.
Good luck to all holders. LJ has had long enough now to pull a rabbit out of the hat. He has not done so. Thought perhaps he can resurrect the rabbit in 2022... but not this year.
Guidance... low end of production. High end for costs. ouch.
DCN Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
