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28.5¢ dacian gold limited

I've emailed the company to ask about their hedging program...

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6,336 Posts.

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13/08/19

12:07

Post #: 39974642
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Originally posted by chris1983: ↑

That hedge is over a 3 year time frame though and at a discretionary bases of the user? Is that right? so right now they can take advantage of the spot price. With the current spot and their recent uptick for the month of July it’s looking a lot better. I was watching after the big dip and I didn’t have the balls to go in on a heavy dip. Cost me a lower level entry and had to buy in at a higher price but feeling pretty confident atm.

also a lot of short sellers added in those lower ranges. They really smashed her down hard. Unless something goes really bad with the underground stope development and mine plan they are in a spot of bother. Hopefully they are on the right track.

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I've emailed the company to ask about their hedging program without any success. Probably all at the conference, atm.

I don't understand what that 'discretionary' means. Does it mean they can sell at any time in that period at those hedged prices but must sell that amount over the next 3 years. Or does it mean they can choose not to sell at all (if they can get a better spot price)?

DCN Price at posting: $1.37 Sentiment: Buy Disclosure: Held
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