RE:RE:DME, exchange rates and the importance of luck A depressing point goldenarm, but true nonetheless. It does make me wonder about the company's cash situation. They say they will need another $23m to get to first output, and that they are not planning to do any more financings. However, if that $23m is in US dollars, it's going to be very tight (DME's entire cash pile is currently some C$29m, or US$24m at present exchange rates).
It's never been fully clear to me whether the $23m is Canadian or US dollars though (if it's Canadian, then they have a very healthy buffer). It's worth noting, though, that if the timeline for completing the production facilities does slip into Q1, there's some old warrants coming due around then, in mid-January and end-February, which combined would bring in around C$1m. That could prove to be very useful money if cash starts getting tight....