DACIAN GOLD LIMITED (ASX:DCN) - SEEMS TIME TO GIVE UP, 54250755, page-681 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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28.5¢ dacian gold limited

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Chass

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02/07/21

20:40

Post #: 54250755
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Originally posted by Greenflint: ↑

Just in case you need to know where I stand, I have 3 years to wait out for a big gold bull run and therefore I am not moving anywhere just yet. I still have a strong belief in DCN turnaround story under LJ and I am still fully invested in DCN.

I don't belief that you are sincere in your question but I shall answer your question and entertain you anyway. Last qtr GP was down to as low as the $2,200 mark and on 31st Mar it was @ $2,270. Today being the last day of the June qtr, GP is @ $2,340 which is still better than under $2,270: not a heap better but it is still better. Just in case you may have forgotten, I projected GP to hit bottom in Mar/Apr (in US$) and that projection is still holding up.

At $2,340 and provided DCN can meet the production guidance of around 28,600oz for the June qtr, it is very likely that DCN will generate a positive cashflow of $11M. Will this be enough to push DCN much higher, I doubt that it will given the hangover of investors sentiment over the Mar qtr and the CR. At best, it will move to the low 30c. However if DCN can produce the qtrly figure of 27,500oz for the September qtr and generates a positive cashflow of around $12M mark, I will be expecting to see DCN SP moving into the higher 40c as it would signal a re-rate of DCN SP. And I do expect GP to move higher by then.

The above is my opinion and please don't use my opinion for your investment decision and then hold me responsible for your decision.

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Last presentation , the company claims, aim is 110,000 oz pa target. I expect 77m free cash flow . Even if gold price stays where it is today I expect a 3 fold increase in the share price. • From last presentation, Production to 31 March 2021 of 81,361oz versus guidance of
110,000-120,000oz* for FY2021

New man at the helm , low debt, I see a good future ahead.

Originally posted by Greenflint: ↑

Just in case you need to know where I stand, I have 3 years to wait out for a big gold bull run and therefore I am not moving anywhere just yet. I still have a strong belief in DCN turnaround story under LJ and I am still fully invested in DCN.

I don't belief that you are sincere in your question but I shall answer your question and entertain you anyway. Last qtr GP was down to as low as the $2,200 mark and on 31st Mar it was @ $2,270. Today being the last day of the June qtr, GP is @ $2,340 which is still better than under $2,270: not a heap better but it is still better. Just in case you may have forgotten, I projected GP to hit bottom in Mar/Apr (in US$) and that projection is still holding up.

At $2,340 and provided DCN can meet the production guidance of around 28,600oz for the June qtr, it is very likely that DCN will generate a positive cashflow of $11M. Will this be enough to push DCN much higher, I doubt that it will given the hangover of investors sentiment over the Mar qtr and the CR. At best, it will move to the low 30c. However if DCN can produce the qtrly figure of 27,500oz for the September qtr and generates a positive cashflow of around $12M mark, I will be expecting to see DCN SP moving into the higher 40c as it would signal a re-rate of DCN SP. And I do expect GP to move higher by then.

The above is my opinion and please don't use my opinion for your investment decision and then hold me responsible for your decision.

Expand

DCN Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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