DCN 0.00% 28.5¢ dacian gold limited

Ann: Trading Halt, page-37

  1. 5,173 Posts.
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    I'm simply looking back to the 2018 announcements (i.e. the potential hyperbole), then including discounts for the current recovery percentages (i.e. the casino like guesstimates), and discounts for the estimating geologist's past history for using the particular modeling software (which was probably not written by geologist's anyway, but derived from some wunderkind's bright idea as a University project of how to grade and accumulate your gold card shopping points at Woolworths), and then taking a wild-wild-wild guess. This is called investing 101 in the 21st century.

    Yes, I know it's a joke, but in truth, how many miners operating in the corporate part of the industry can you really trust?

    Given the above, I'm estimating that once they've put the blindfolds back on and thrown their darts at the gold estimating dart-board on the wall (after their 3rd beer), they may come out saying ... " 145k/oz per annum for AISC $1,250 over 8 years ".

    Then as per the usual mining company shenanigans, they say ... " somebody please come and buy us, even cheaply if necessary, to relieve our personal stress and worry ", and then like the boy Oliver in the movie Oliver Twist sheepishly holding out his plate and requesting more food ... " ooohhh, by the way, please shareholders can we have our performance bonus now (with roguish pleading grins) ".

    They clearly want to now pass the problems to somebody else and then ride off into the sunset, though not exactly like Clint Eastwood after he's killed 20 of the baddies and saved the town from rack and ruin and destruction, and all the good women from a far worse fate.

    Yep, it's still morning and this old fella hasn't even had a drink yet, because that comes at 6.30 pm well after the sun has is over the yardarm.

    Gw
 
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