The value on offer with DCN is too good to go past at the moment. Bought some more today. It’s a turnaround story, so there is risk, but the upside is compelling if they can just get a few things right. I’m backing Mr Junk and nothing wrong with a fresh set of eyes in senior management.
DCN needs to regain the markets trust, and the only way to do that is to deliver solid results, quarter after quarter and extend the mine life. The hedging has been a hand break at is slowly being released.
Anyway, time will tell...
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