g12m0. As I read it, DLS is now net debt of perhaps AUD $2-3 million. It also means that DLS has added $29 million in cash since June 30!
Very happy to see the new facility is also multi currency which should mean that any swings will be muted.
Now to top this off a result on the Hurron prospect would be nice (should get a result on the primary target within the next 7-10 days at a guess, since the well spudded on the 5th of Oct).
Auto - while I know there are many stocks, the only other onshore oiler actually doing him impact exploration other than DLS, is BRU. So as you have stated many times, DLS is a free option on exploration success. Much better to have that than simply sit in an oiler doing nothing but treading water.
DLS Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held