Quick update,
CHN entered a trading halt pending a capital raising likely to enable payment for DRA's 20% of Zara and plus payment for any resource upgrade. See
http://asx.com.au/asxpdf/20100520/pdf/31qfbz9n0wbj4f.pdf
This amounts to ~$13M in cash and shares to DRA, using the previous posts figures, the EV at current DRA sp assuming now also the CHN payments is ~A$42M. This also assumes DRA's cash balance will not increase at record gold prices this qtr.....
On top of this DRA will also recieve $3.4M on completion of the BFS latter this year.
Conservatively DRA is now trading with an EV under A$40M with debt covered and less than US$40/oz on reserves and resources basis.
DRA is being priced as an exploration stock or a gold producer discounted for failure.
Wont happen overnight but something has to give here.
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enter the dragon......, page-2
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Last
$1.86 |
Change
-0.045(2.37%) |
Mkt cap ! $102.8M |
Open | High | Low | Value | Volume |
$1.86 | $1.86 | $1.86 | $464 | 250 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9750 | $1.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.30 | 1999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9750 | 1.855 |
2 | 20364 | 1.850 |
1 | 277 | 1.800 |
2 | 945 | 1.600 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
2.300 | 1999 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.14pm 25/07/2024 (20 minute delay) ? |
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DRA (ASX) Chart |