Australia's largest stock trading and investment forum Australia's #1 stock forum

DCN

Click for more information

0.00%

28.5¢ dacian gold limited

Conveniently the debt just gets paid off in full and just in...

First 66 Last

Share
Profile

Follow
stockguru

3,864 Posts.

217

05/07/22

22:57

Post #: 62389173
Share

Originally posted by Davisite: ↑

I have no idea if LJ was in on the last stage of this disaster or not, but he certainly has to take responsibility for his part of the current mess. This has been a very long and slow death of a project that should never have been funded.

In theory the CP is supposed to be that independent 3rd party, but it would appear at times that this "independence" is somewhat flexible. For those who don't know the history, the same CP who signed off on DCN resource for the DFS was the same person who signed off on GCY DFS resource. Both resources turned out to not reconcile in the mill incinerating hundreds of millions of dollars of shareholder capital in the process. Plenty of people got rich out of both DCN and GCY, just not the poor shareholders.

Expand

Conveniently the debt just gets paid off in full and just in time. Academy award performances.

DCN Price at posting: 9.5¢ Sentiment: None Disclosure: Not Held
9 Upvote

0 Great analysis

Reply

First 66 Last

Add DCN (ASX) to my watchlist