'Dependencies flags "module could not be found on disk" even though the DLL is there

I've been using Dependency Walker's successor, Dependencies, to troubleshoot some errors with a legacy application I'm working on. I've noticed that Dependencies flagged a DLL as missing (let's call it Foo.dll), but even after I manually copied it to the working tree and refreshed the app I still got the dependency flagged with following error message:

Foo.dll module could not be found on disk

Does anyone have any insight on what would lead Dependencies to flag a DLL that exists in the current path as "module could not be found on disk" ?



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