Marasco, allow me to enlighten you regarding the recent financial position of DCN
From page 28 of the annual financial statement
"At 30 June 2022, the Group had a cash balance of $17.5M (2021: $35.9M), had a net working capital of $7.7M (2021:
$12.9M) and incurred a net loss of $187.4M (2021: $7.5M). The ability of the group to continue as a going concern is
dependent on the continued processing of existing stockpiles and future capital raisings"
2019 is the only year in the last 5 that DCN has booked a net profit after tax.
If nothing else, it's an insight into why some DCN shareholders have a less than positive opinion of their management team.
I like " I have full faith in the GMD board and management." as a mantra
Interesting months (years) ahead
GENESIS vs DACIAN, page-11
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Last
$2.11 |
Change
-0.060(2.76%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.21 | $2.09 | $9.311M | 4.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 53629 | $2.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.11 | 33819 | 6 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| GMD (ASX) Chart |