Spec
Nothing comes to mind that has not already been covered. In particular we have both noted the lack of significant improvement in production expected in the September quarter. There were no surprises given the information we got in the earlier update. Perhaps the share price will not go up to any extent until after the current quarter as the market takes a wait a see attitude.
My Etrade site has a one liner that Macquarie has raised its target price by 3.7% to $2.80 - its the only financial institution that has a comment on this report on there.
Yes, some very nice grades from the drill, which would get the share price running if DCN were just a small explorer - instead its a $1b producer so that will have minimal effect.
loki
Ann: Operating Guidance FY21, page-25
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