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28.5¢ dacian gold limited

Do you think they could force a deal with the hedge...

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BlueTea

49 Posts.

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27/02/20

22:42

Post #: 43199740
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Originally posted by Lithos: ↑

The VA is not that likely in my view as the hedge counterparty has more to lose than the Co in the short-term. At today's A$PoG, they earn more than DCN until end FY2021. FY2022 hedge put options can be released for a fee, so it is only until July 2021 that margins will be tight. LJ is exactly the right CEO for this, flog the open pit throughout, pay down the debt, recover the W-mine and find try and find more nearby gold. Rowan is a First Rate Berkshire Hunt.

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Do you think they could force a deal with the hedge counterparty? As they say "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."

DCN Price at posting: $1.40 Sentiment: Hold Disclosure: Held
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0 Great analysis

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