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28.5¢ dacian gold limited

Ann: Equity Capital Raising to Recapitalise Dacian, page-765

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Greenflint

1,822 Posts.

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30/04/20

08:33

Post #: 44339883
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Originally posted by Greenflint: ↑

My reading is that DCN is hedged i.e. they can exercise the sale of 67,608 @ strike price of $2,050 in the event that GP fall below $2,050.

Now having said the above, it is very very unlikely that GP will fall below $2,050! Reason: this is the price forced onto DCN by the financial and the fact that it cost $50/oz to buy this put options, the financial is extracting $3.38mil out of DCN for nothing!!!

It is looking like Leigh Junk is onto this daylight robbery by the financiers and therefore his move to accelerate exiting this so-called "Project Debt Facility" into "corporate style facility".

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financial should be read as financiers.

DCN Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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