GMD about to take over DCN. So they'll soon have a 3mpta functioning mill (Mt Morgans) situated ~100k east of their existing Leonara resources..... they'll also inherit a large resource (and some 'questionable' reserves) situated around the mill. And another resource sitting between Leonara and Mt Morgans...... I'm pretty sure this will be a sweet deal for GMD holders.
It might be a little dilutive (due to $100m cap raise) but the DCN mill is quite new (~5years old and well designed) and worth $175m (replacement value). Also, DCN is right now (due to ongoing mismanagement) is only valued at $100mkt cap with around ~$16mil of cash..... for GMD this is a real jump start to those plans towards ~300k ounces PA.... funny enough there was a time in the distant past when DCN management had plans to hit that target themselves...... how things have changed :/
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Last
$2.18 |
Change
0.010(0.46%) |
Mkt cap ! $2.445B |
Open | High | Low | Value | Volume |
$2.21 | $2.23 | $2.16 | $3.592M | 1.645M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | $2.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.18 | 7082 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 2.170 |
4 | 38226 | 2.160 |
5 | 89540 | 2.150 |
2 | 9860 | 2.140 |
1 | 8590 | 2.130 |
Price($) | Vol. | No. |
---|---|---|
2.180 | 7082 | 1 |
2.190 | 88928 | 5 |
2.200 | 242121 | 5 |
2.210 | 215093 | 3 |
2.220 | 19393 | 2 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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Geologist - David Trabert
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