DCN 0.00% 28.5¢ dacian gold limited

Ann: Preliminary December Quarter Update, page-14

  1. 11,782 Posts.
    lightbulb Created with Sketch. 6307
    I am really surprised they were able to achieve such a large cash build.
    I tip my hat to LJ and the team.
    Clearly the re-worked hedging profile is making a big difference.
    Plus, it would seem the extra stripping costs are either less than forecast, or still to come.
    I still think NTM got a stupidly good deal, but... it seems to be a done deal at this point.
 
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