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
Marasco, allow me to enlighten you regarding the recent...
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