The expected cash outflow for next quarter is pretty high at $7.8M. Looks like they want to keep up the exploration push. I'm ok with that as long as they don't get caught short for funds prior to a development decision. I remember something similar happening to DCN just as the sentiment in the gold sector turned south after US election and they were forced into a heavily discounted raising. That set the DCN share price back about 6 months.
Ann: Quarterly Activities Report, page-3
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