DCN 0.00% 28.5¢ dacian gold limited

Ann: Underground Mining Commences at Beresford, page-6

  1. 312 Posts.
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    I'd be buying on the dips... also, I keep seeing the comment about a failed CR and even a comment in another thread about worrying about an upcoming one.. strange (and old news - so already factored into the share price a long time ago) plus they are fully funded with fixed price contracts and good excess working capital too.. Solid company - and $2.90 sounds a little conservative. With all the hooha going on in the US, we could see a rare gold spike and USD gain (counter-intuitive but even during the GFC when everyone wrote off the US, the USD still shot up and our currency hit the floor) which means a nice little money earner for gold producers with operations in Australia. Combine this with possible corporate activity - DCN is surrounded by cashed up, unlevered gold miners who may prefer the acquisition route to going out and increasing their Reserves/Resources the hard way.
    Last edited by qdos: 17/05/17
 
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Currently unlisted public company.

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