DCN
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0.00% 28.5¢ dacian gold limited

The June quarter is shaping up ok by the looks If they deliver...

  1. RockstarJones
    13,590 Posts.
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    30/04/20
    09:09
    Post #: 44341005
    The June quarter is shaping up ok by the looks

    https://hotcopper.com.au/data/attachments/2126/2126599-fd3d1b1784b1a7077cd79c517e22051a.jpg

    If they deliver at the average hedge position of $1982, the same as the March quarter and close out most of this lower hedging then that is a pretty decent turnaround IMO. 33000-36000 ounces at AISC of say $1450 should generate some handy cashflow for continuing operations.
    Next quarter should be lower AISC and much higher prices. Looks like things are being bought under control.
    Last edited by RockstarJones: 30/04/20
    DCN Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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