DCN dacian gold limited
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Remember Echo? - $242.6 million All cash takeover..

  1. SallySet
    6,517 Posts.
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    05/05/20
    16:18
    Post #: 44446212
    Strong finish for DCN at 43 cents today.

    Remember Echo Resources?

    Overtaken by NST around August 2019 for all cash takeover at $242.6 million.

    This was when gold was approx US$1537 an ounce. They had a plant, around 1 million ounces of gold but didn't get to production.

    All analysts keep referring to M&A activity in the Australian gold sector.

    How DCN stays single is beyond me when looking at the Echo takeover.
    DCN Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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