Nice work Opto, thank you.
Fact remains, DRG are not going to get anything done with $4m and some frozen tundra up in the wilds of rural Mongolia. Whatever the management do from here will require cash, and dilution to shareholders so this becomes a long term play now.
I am confident the new management team have some clear goals they are aiming at, but shareholders will need to be committed for the long haul now. Whether they advance this current project, or take the company in some other direction, it is going to take some time now to acheive. And no doubt more money.
Clearly, I would not be selling if I still held - the damage has been done - but I would be consigning this one to the bottom drawer, hope management does the right thing, and then get on with my life.
coal company cash comparison, page-2
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