DRG are not checkmate but they need to wait until China's stockpiles of semi-soft coke are run-down. This COULD mean waiting until 2014 so a strategy is needed.
DRG have cash of $6.03m at the end of the last quarter and ran-down $715k over the quarter. That points to a cash burn around $2.85m per year.
There are problems in Indonesia and the company has pointed to certain factors needed to be addressed before proceeding.
South Mongolia is different and the semi-soft coke has been tested in Australia at m reflective - 6 and looks good. So that is to be the way forward when markets improve.
Meanwhile the directors need to find a new backer in Australia
mothballed situation
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.85 |
Change
-0.055(2.89%) |
Mkt cap ! $2.172B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.84 | $8.102M | 4.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 140129 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 3784 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |