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28.5¢ dacian gold limited

Makes one wonder. Do some people know what the market has not...

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billmac

913 Posts.

107

07/07/20

13:58

Post #: 45696810
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Originally posted by rosencrantz ↑

It's a circus because at 40 cents its prospects are seriously undervalued?
That's what Canaccord would say If this May update is to be believed :
Balance sheet back in solid shape. Following the recent injection of new funds (A $98m via a placement and rights issue) to recapitalise the company, and after two assumed debt repayments this Q (A$24.7m and A$3.9m as per the latest schedule), we forecast DCN exiting the JunQ'20 with a cash position of A$83m and debt of A$66m (net cash A$17m). Based on the current fixed debt repayment schedule, DCN repays A$31.8m in FY21 and A$34.3m in FY22 to extinguish the debt, which is comfortably funded out of FCF based on our forecasts, while still growing the company's cash position YoY.
Invesco have slipped the substantial shareholder regime ...I guess they are selling.
I'm a willing buyer.

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Makes one wonder. Do some people know what the market has not been told yet?

DCN Price at posting: 40.8¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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