Net debt at 30 Sept16 increased to $58m from $40m at 30June16 (negative cash flow for Sept qtr of $18m) . I estimate DRM are currently still cash negative as u/g ore body development is being established at Deflector. Cash balance at 30Sept down to $16m and company will need to maintain a minimum cash balance to operate. Cash situation tight & forecast more funding required in near future.
Net debt at 30 Sept16 increased to $58m from $40m at 30June16...
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