DCN 0.00% 28.5¢ dacian gold limited

should not expect sp move much by this announcement, the new...

  1. 7,093 Posts.
    lightbulb Created with Sketch. 544
    should not expect sp move much by this announcement, the new hedge arrangement means the company can't afford delivering at the low hedge price in near term hence push it back to 2022.
    Given the forecasted capital expenditure in 2021 is around $50 -60 millions they need more cash flow to fence off another dillusive CR.

    Basically cash position is very tight and Dacian can't afford another mistake at operational front.
 
watchlist Created with Sketch. Add DCN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.