Agree with that. Still some risk here that production cost may not meet forecast.
I bought DCN from $1.50-2.20 with a goal for rerating of the stock as production draws near. Now that move has largely happened I am taking a few off the table for risk management purposes.
Could still go higher on the low number of shares on issue if they hit forecasts, but it is getting close to fair value. Any acquirer would want those actual production numbers. SBM stock a lot more valuable now so they could potentially offer script and cash.
DCN Price at posting:
$2.95 Sentiment: Hold Disclosure: Held
