DCN
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0.00% 28.5¢ dacian gold limited

Any capex development will be modest IMO. They have $38m cash &...

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  1. Cashmeoutside
    3,082 Posts.
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    05/01/21
    14:37
    Post #: 49954309
    Any capex development will be modest IMO.

    They have $38m cash & equivs at bank

    They are now highlighting they’re cash flow positive by ~$60m pa. There’s no reason they can’t refinance the loan up to $60m / 1 years cash flow IMO to finance any development (sits at $23m today).
    DCN Price at posting: 46.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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