And now, new dilution in sight ! While gold is over AU $ 2,400, we continue to deliver ounces at around AU $ 1,650 and for over a year, thanks to R. Williams, former builder turned gravedigger of DACIAN. The worst part is that DACIAN is reduced to asking for money to survive, despite the news is relatively good and the purchase of NTM. The question is why this raising is so urgent ? It's not possible to wait DACIAN finish to sale the "Williams" ounces and then invest the profit of the ounces sold at a normal price ? It remains to be hoped that L. Junk is not the Trojan Horse of a majority company which will be quite happy to make a take over at a low price on DACIAN and then benefit from the production and sale of 120,000 ounces or more per year at a normal price in the future !
DCN Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
