OTCPK:DRLDF - Post by User
Post by
R_J_on May 08, 2016 2:28am
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Post# 24851554
News - Q1 Results
News - Q1 ResultsDalradian Reports Q1 2016 Results
New Release - 7 page PDF
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https://s1.q4cdn.com/162468244/files/doc_news/2016/may/DNA_PR-May-5-2016-Q1-update-final.pdf -
Finiancial Report - 12 page PDF
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https://s1.q4cdn.com/162468244/files/doc_financials/2016/q1/Dalradian-Financial-Statements-Q1-2016-SEDAR.pdf -
MD&A - 19 page PDF
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https://s1.q4cdn.com/162468244/files/doc_financials/2016/q1/MDA-Q1-2016-SEDAR.pdf -
Louis James’ Comment Quote:
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We don’t normally comment on quarterly financial of companies that are not in production, as they usually tell us what we already know: our “burning matches” are burning cash.
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In this report, however, we see that while Dalradian has enough cash to finish the hefty pile of work on its plate this year, it will end up with little or nothing left in the bank.
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Fortunately, there are warrants and options in the money that could cash the company up with no extra dilution.
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All the options are in the money, so if necessary, management itself could step up to the plate with $7.7 million. -
That being the case, they will be highly motivated to avoid heavy dilution.
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Meanwhile, the work on tap all adds value, and should push our shares higher in a rising gold environment.
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In short, some sort of financing may be afoot this year, but the company has choices, so we would not expect it to be dirt cheap. -
End Quote.
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RJ