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28.5¢ dacian gold limited

Ann: Mt Morgans Operation & Corporate Update, page-469

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07/06/19

17:18

Post #: 38965846
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Originally posted by Greyback: ↑

First post as I bought in today. The way I see it, DCN has about 64 million in cash, as they burn through over 5mil a quarter, (In Mar they had over 70mil) They also must be paying back 10 million a quarter of their loan which is, what 130 million? They're in trouble, okay, but I wouldn't think they can't get out of it, with a couple of good quarters? I suppose I can be a bit more confident at 0.38c buy in, although it's up and running and will produce some money even at it's hedged price.
There's also a chance of a buyout? Companies worth about 100 million. Less money in the bank 64 million, that's forty, plus debt 130 milion. That = 170 million (figures are a little rough) Tell me where you can buy and up and running Gold company with good reserves for that price? Gor, although it has better reserves, cost over six hundred million to get going. Even if this share climbs back to 1.00 it's still a good deal. I hope? My opinion only.

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this is a good guesstimate and similar calc give me a target of 70cps.

I don't think that management will knock off early today. I am quite sure that there will be an announcement in next week. perhaps before open.

DCN Price at posting: 38.0¢ Sentiment: None Disclosure: Held
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