DCN 0.00% 28.5¢ dacian gold limited

Don't care.This was an outright rejection of offer by those who...

  1. 68 Posts.
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    Don't care.
    This was an outright rejection of offer by those who had no intention of being bent over a barrel.
    Now I'm not going to speak for others that have held their middle finger up at the low ball offer either.
    As soon as the TO was announced I put a value of my holdings per share at 0.00.
    For disclosure if the SP of DCN was to double right now, I have previously made more trading DCN than their market cap would be.
    Take a look at what is now cost GMD (figures rounded).
    Have paid $85mill to take 81% stake in DCN for a value of $81mill. There goes $4mill.
    And that's just based on the SP of both ATM (they've issued shares at a higher SP).
    Wonder how many GMD holders will be thrilled at this outcome?
    KIN and DELPHI have more than adequate private equity backing to hold their interests in any future attempt to dilute DCN.
    I expect to see the DCN SP slide further, thus widening the cost gap between the value it cost GMD against holding value.
    Last edited by Riskybuys: 22/02/23
 
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