DCN 0.00% 28.5¢ dacian gold limited

Ann: Change in substantial holding from IFL, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 50 Posts.
    lightbulb Created with Sketch. 5
    FYI these guys we in for ~3.5mil before the crash. They doubled down at the bottom along with the director putting in 1mil, probably was the catalyst for reversal.

    This is them taking some money off the table, but before this they needed the price to get to 1.05 to break even. cbf doing the math, but that'll be slightly higher now (probably around ~1.22).

    I'm not too sure why they'd do this, they should have a lot of cash on hand, might be trying to make their month look better? Or they're simply trying to slowly reduce their exposure now that it seems to be heading in the right direction.
    Last edited by eulo: 25/06/19
 
watchlist Created with Sketch. Add DCN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.