DCN "lost" most of their undergound reserves and this is why they are in suspension, note loss of reserves, not resources, they "misplaced" thousands of ounces of gold supposedly extractable and economic reserves at reasonable assumptions of gold prices. DCN went from an operating profitable underground and open pit miner to suspension and looking for finance.....
I'll stick with the SPX "crap" of one of the highest grade gold deposits in Australia thanks, and it seems that RMS management agree with my assessment of the value of SPX, and have executed reasonably well to pick up this high grade asset at a reasonable price.
Disclosure: holding DCN, SPX and RMS among others.
Ann: Ramelius makes Recommended Takeover Offer forSpectrum Metals, page-184
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Last
$2.00 |
Change
-0.030(1.48%) |
Mkt cap ! $2.287B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.04 | $2.00 | $5.551M | 2.758M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 64902 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 8625 | 2 |
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| RMS (ASX) Chart |