I have some regret buying at 32c just two days ago. But this aside, the presentation makes the investment case quite convincing. The big question is how much we trust management to follow through on their projections.
Since the last capital raise under LJ, I thought things have more or less gone to plan. Debt is being paid off, hedging commitments are unwinding, and gold is being mined in line with expectations. Am I missing something? Or is it the drop last quarter that has people running?
A capital raise to accelerate gold development in this environment may not be a bad thing.
DCN Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
