There you go... shrill denials by the usual rampers of no CR needed, yet DRE exploration expenditure is typically red hot... $2.8M cash but Acc Payable (invoices unpaid) likely to by approx 1/3 of Qtrly spend, so ~$2M owed at Dec 31st, and now 1 month expenditure into Q1 24.... so excluding 'R&D and JV Receivables' working capital approx zero.
Good luck with continued milking the government for R&D handouts for every drill programme and study work on the go ($400k last Qtr thanks very much)... I think it's ridiculous how much taxpayers privatise value add on drill outs and study work, but I'm probably just old school in this day and age of subsidies and picking winners (losers). Good luck and well done if you have the contacts and sales pitch to keep slipping into the tax payers pocket. Mining the market, mining the government... now if they could just actually discover a mine
Will be interesting to see if the TA rampers full court press can drum up a pump, when few will be silly enough to chase it into an imminent CR? Needs decent value-add exploration results imo, not just rehashing old and existing projects.
GLTAH
DRE Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
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