Well I'm out at 28.5c. I had bought in at 31.4c so I haven't lost much. Part of me wants to hold on for spite and maybe GMD shares. According to Commsec, GMD have a strong buy recommendation with a fair value of $2.27. So I'm tempted to take the GMD but i haven't been following them closely enough. I'm so glad I waited out that initial pathetic offer. If only Australia had some kind of corporate watchdog that could prosecute fraudulent behaviour by directors.
On the plus side this debacle may have cured my addiction to gold mining shares. I'm down to just DEG and WGX.
DCN Price at posting:
28.5¢ Sentiment: Sell Disclosure: Held
