Interesting that there has been no comment on this report other...

Interesting that there has been no comment on this report other than 2 upvotes.
The cash burn rate was almost 30 million in the September quarter ,there is minimal explanation of where the money went ,its mainly bundled under exploration .No plant or equipment ordered.
This highlights the problem of DEG ,they continue to spend on exploration which is basically unnecessary right now .They have ample reserves to feed the plant for 10 years .This is instead of focusing on building the plant which is what most companies in DEG,S shoes would do (just look at Artemis which is not doing any exploration just focusing on building its plant) .Spending on exploration is to keep the share price high so it can raise money by share sales and further dilution ,this ironically to date has been very successful and it has kept DEG share value too high ,discouraging a takeover.This tactic is “running out of steam”as the last share sale/capital raising was at a significantly lower price than the previous one.
At this cash burn rate the money raised will be gone in 2.5 years (before the plant will be ready and producing cash flow).No money has been spent on the actual plant yet .
This is the “dilemma of DEG” ,how to fund the plant and do exploration (hence keeping the share price high for more capital raising)simultaneously with no cash flow for the foreseeable future.
Can they do this or not ,that is the issue .Clearly it is a very high risk strategy.DEG has never sought a listing anywhere else other than in Australia so no help from international investors.Degs share price is steadily falling again as clearly some investors doubt DEGS ability to accomplish what is an exteremely difficult task.I guess there is a small chance of a takeover from an International mining investor if the Au dollar falls to 50 cents US or the Degshare price falls below 70 cents or a combination of the two.