Bullboard - Stock Discussion Forum Dalradian Resources, Inc. DRLDF

Metals & Mining Gold

"Dalradian Resources Inc is a gold development and exploration company. The company is based in Canada, but it is primarily involved in the acquisition, exploration, and evaluation of mineral properties in Northern Ireland. One of the company's main assets is the Curraghinalt Gold Deposit located in Northern Ireland."

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Dalradian Resources, Inc. > Pre-production capital cost is $192 million

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Post by stockfy on Feb 26, 2018 10:35am

Pre-production capital cost is $192 million

Proforma 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?

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