Australia's largest stock trading and investment forum Australia's #1 stock forum

DCN

Click for more information

0.00%

28.5¢ dacian gold limited

I'm hoping good old fashioned fundamentals will prevail here.

First 19 Last

Share
Profile

Follow
Barolobill

7,788 Posts.

189

19/04/17

17:13

Post #: 24147804
Share

Originally posted by 13th ↑

Too much funny money still in the stock left over from the failed capital raising or commonly known as overhang from the placement on the investment bank's balance sheet.

Technical's look rubbish at best and it's a real shame (company self inflicted due to the botched capital raise) that we have seen the POG up circa $35 in the last two weeks and DCN over 12% lower...

Fundamentally there is no doubt that DCN is cheap (as the majority of Gold analysts have identified) + the positive announcement today re CAPEX savings, however technica'ls + momentum aren't having a bar of it, with the break lower today on volume after a month of consolidation.

Expand

I'm hoping good old fashioned fundamentals will prevail here.

DCN Price at posting: $1.84 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

88E

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

ASX Market Open: Australian bourse to fall as subdued Wall Street awaits rate cut decision | September 18, 2024

HVN

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

CXU

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

PAR

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

There are more pages in this discussion • 2 more messages in this thread...

First 19 Last

Add DCN (ASX) to my watchlist