DAU are in a great position trading below cash backing with a free 25% interest on a $6m spend with production and cash flow becoming more a reality than probability.
If ORD fail to raise further moneys they now require and default and on their farm in, then DAU would eagerly be capable of advancing Plutonic on.
I think the market is starting to realize how undervalued DAU is, with its share price firming from 1.7 over the last few weeks to 2.5 cents today, and with only 66m shares on issue and small traded volumes the right project acquisition could also be catalyst for a significant share re-rating.
VAN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
DAU Price at posting:
2.5¢ Sentiment: None Disclosure: Held
