GMD about to take over DCN. So they'll soon have a 3mpta functioning mill (Mt Morgans) situated ~100k east of their existing Leonara resources..... they'll also inherit a large resource (and some 'questionable' reserves) situated around the mill. And another resource sitting between Leonara and Mt Morgans...... I'm pretty sure this will be a sweet deal for GMD holders.
It might be a little dilutive (due to $100m cap raise) but the DCN mill is quite new (~5years old and well designed) and worth $175m (replacement value). Also, DCN is right now (due to ongoing mismanagement) is only valued at $100mkt cap with around ~$16mil of cash..... for GMD this is a real jump start to those plans towards ~300k ounces PA.... funny enough there was a time in the distant past when DCN management had plans to hit that target themselves...... how things have changed :/
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Last
$2.15 |
Change
0.000(0.00%) |
Mkt cap ! $2.426B |
Open | High | Low | Value | Volume |
$2.11 | $2.15 | $2.09 | $8.708M | 4.089M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12944 | $2.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.15 | 188789 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10577 | 2.120 |
1 | 10577 | 2.110 |
1 | 10577 | 2.100 |
2 | 14577 | 2.090 |
3 | 12319 | 2.080 |
Price($) | Vol. | No. |
---|---|---|
2.150 | 40000 | 3 |
2.170 | 1204 | 1 |
2.180 | 68127 | 5 |
2.190 | 54856 | 3 |
2.200 | 101756 | 9 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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