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28.5¢ dacian gold limited

Ann: Equity Capital Raising to Recapitalise Dacian, page-777

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Foomonk

469 Posts.

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30/04/20

22:23

Post #: 44367551
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Originally posted by unemployed: ↑

Qdos, you're not thinking of Sons of Gwalia are you? they were the 3rd largest gold miner in Australia in 2004 when the went into Administration and were eventually broken up and sold off. Their problems were largely to do with a hedging programme gone wrong and they couldn't deliver the gold into their hedge. Think about that, 3RD LARGEST gold miner in Oz!!! So it can happen. In Dacian's case I think they are almost out of the woods. They will be over their biggest danger on 1st July when their hedged ounces drop substantially. I've taken up my option for extra shares so I'm confident they have a future. I'm expecting a big re-rate come July. That's just my take on it, not investment advice. What would I know?

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Even so,the 71% major share holders should be the ones in hot seat mate! Not us.

DCN Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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