Really enjoying some of the comments from Eshmun, Pidgeon and others who provide information that helps investors make informative decisions.
However, all this talk about DCN blaming contractors etc for not meeting target for the March Qytr is just bulls@%t. Certain equipment during this Qtr was unavailable. This could mean anything from equipment failure, breakdown, access or a number of other things. The company has NOT blamed the contractor, they have merely stated a FACT yet as the market does time and time again, all sorts of different SPIN is put on the announcement. Could be downramping, could just be sour grapes of investors who bought in recently at $2.70 levels expecting a quick buck.
Either way, we all know there is plenty of the shiny stuff, getting it out and with reduced cost (AISC) will be the catalyst for a re-rate IMO in the next Qtr.
One setback does not ruin a company......it merely creates a buying opportunity....IMO
DCN Price at posting:
$2.31 Sentiment: Buy Disclosure: Held