Australia's largest stock trading and investment forum Australia's #1 stock forum

DCN

Click for more information

0.00%

28.5¢ dacian gold limited

Ann: New Zones of Shallow Gold Mineralisation Adjacent Jupiter, page-7

First 7 Last

Share
Profile

Follow
Pigeon Pair

769 Posts.

122

02/02/17

19:12

Post #: 22330997
Share

Originally posted by lotsa_grit ↑

I too really liked this announcement, plenty of potiential nearby to planned pit and processing, and at shallow depth.

yes I know it's yet to be quantified with higher levels of confidence but still it's there. The existing geology suggests the corridors identified are extensions of those deposits already comprising the basis for mining. I would have expected some buying and a higher SP to boot.

Is this stock still suffering from the failed CR? Even after the significant vote of confidence by the banking sector in debt funding 150m? Is this the market just suppressing the price until Dacian are forced into their already flagged cap raising required to complete the mine build. By my count they need another 60m to complete contruction, surely the market will eat that when it comes along. As an existing holder I know I'll be interested.

Just wondering where this will be in 12 months. Back at those $4 highs? $5+? Or still languishing $2.5-3?

Opinions please

Cheers

Lotsa

Expand

Last edited by Pigeon Pair: 02/02/17

DCN Price at posting: $2.39 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

STM

Sunstone hits gold and silver in "new areas" at Limon, Ecuador, ahead of MRE for project

PEC

Continuous high-grade REEs of up to 6,327 ppm bode well for Perpetual's Brazilian footprint

The Rising Tide: How institutional adoption is shaping the future of crypto

EMC

Everest Metals inks first resource at Mt Edon for nearly 8,000 tonnes with prices at US$1,000+/kg

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

There are more pages in this discussion • 3 more messages in this thread...

First 7 Last

Add DCN (ASX) to my watchlist

SPONSORED BY