below is an exerpt from a recent asx announcement regarding DRA taking out a bank loan facility. I was of the opinion that ALL future development could be financed from cash generated from their 3 operating mines. The thought of requiring external financing is a little unsettling..
"Dragon Mining maintains a healthy cash position but the facility is important in establishing a working
relationship with a major Nordic institution with the capability of providing financing for Dragon Mining’s future
development programs including the underground operations at both the Svartliden Gold Mine in Sweden and
Jokisivu Gold Mine"
fully funded...or not?
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