DCN
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0.00% 28.5¢ dacian gold limited

DCN's enterprise value would be between $200M to $250M-$140M...

  1. risk41
    1,208 Posts.
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    10/07/19
    10:50
    Post #: 39452385
    DCN's enterprise value would be between $200M to $250M
    -$140M market cap + $106M debt - $45M cash and bullion + the unknown figure of payables $40M?? .
    They should be able to generate $50M (would be more without the hedging at lower prices) for 2020 (before the $33M debt reduction).

    Not a bad return on investment. That is if you are confident management can meet this updated guidance.

    If one is concerned about the gold price it can be shorted as a hedge.
    DCN Price at posting: 61.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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