OTCQX:DMMIF - Post by User
Post by
AlfTanneron Dec 02, 2015 11:47am
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Post# 24346652
Probability Of Bankruptcy = 46%
Probability Of Bankruptcy = 46%
I do not know how this probability of bankruptcy is calculated, but I tend to agree with their number. In fact, it might be a little optimistic.
https://www.macroaxis.com/invest/ratio/DMMIF--Probability-Of-Bankruptcy
So far, Dynasty has not been meeting their goals, and if they do not start meeting them soon, they will default on their loan. Dynasty supposedly reached a major ore body over a year ago, but that seemed to fizzle out quickly, and they are back to digging more decline. The throughput and grades have not been good.
Originally Q4 was going to be the turn around quarter, but the results for the first half of Q4 were disappointing. Will Q1 be any better? If it is not, Dynasty will probably run out of cash.