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Originally posted by eastwest101:
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Always interesting to check your own retrospective comments when you have been out of a stock for a while. These were my comments in April 2020:"For people with a small position that is underwater at the moment, the equation is that Leigh Junk has to weave his magic with DCN, with the company essentially insulated from all upside to a rising gold price, and the share price being "capped" around the 30-35c range with a large volume of cheap shares issued at 30c having to clear the quick profit takers, and then the share price still has to double (presumably when they "rediscover" all those gold ounces they lost) and you are still wearing all the execution risk before I'm even looking like being back in the green . Thats a sequence of events of pretty much everything going right and no more black swans or left field operational, or negative changes in the price of gold, change in management or exchange rate, one open pit wall slip or other things going against you, in fact - one small slip on even the tiniest of banana skins sees shareholders back in the emergency department or the morgue pretty quickly. As others have said - for some punters you will need to have the footwork of Fred Astaire and the luck of the Irish to trade your way out of this , seems like an oversized risk for a chance at an undersized potential reward."
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Knowing little about this company except what conversations Ive had with past and present employees I now get the opportunity to visit there site and get a first hand look at what’s happening.
