OTCPK:DRLDF - Post by User
Post by
stockfyon Feb 26, 2018 10:35am
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Post# 27620465
Pre-production capital cost is $192 million
Pre-production capital cost is $192 millionProforma the recent placement of almost $80 million, DNA has about $125 million in cash. However, preproduction capital cost is $192 million, according to the latest presentation, which means that DNA will need to dilute again in the next months. $70 million is a significant amount. This might be another key factor for DNA's poor performance over the last six seven months. Could DNA find the extra cash without dilution? How?