You are lucky if you went into GCY after administration and not so lucky to see its value reduced to 5% before during administration. There are parallels between GCY and DCN except that LJ took the decision to do CR and save the company from going into administration. If soI wouldn't be surprise to see shareholder value reduced to 5%.
I think the doom and gloom after the Mar qtr is infecting most investors. Not sure why that should be the case when DCN is actually cashflow positive for the year of up to $12M and even after spending $48M of DC and Exploration (sorry to repeat here).
Anyway there is no info on why the need for CR and therefore as at this point it is still not a "doom and gloom" scenario.
DCN Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
