DCN 0.00% 28.5¢ dacian gold limited

Ann: Becoming a substantial holder, page-118

  1. 1,805 Posts.
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    Critical Qtr is the June Qtr. If LJ can generate some profit (without taking into account of the pre-stripping and exploration activities), then the chance of DCN turning $0 is nil.

    The CR has provided the stage for LJ to deliver and if he can't, then one would expect a lot more skeletons hidden away by the previous MD. Coming out of the June Qtr, I would expect some good news along the line of:

    1) Meeting or exceeding the target of June Qtr gold production
    2) Good resource figure on Phoenix Ridge
    3) Some news on the reduction of the existing debt.

    Lets hope LJ will over-deliver rather than over-promise and under-deliver.

 
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