DCN 1.88% 40.8¢ dacian gold limited

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  1. 10,469 Posts.
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    DCN were supposed to report on a reserve at Cameron Well in November, according to their August 2018 resource upgraded information statement. No such report has been provided and its a miss for management. They raised plenty of cash for drilling so there is no excuse. The Cameron Well resource of around 240k ounces at 1.3 g/t may is too small to excite the market, and the LOM plan is also unexciting without a major upgrade.

    I suppose we will get a lift in the share price next week in line with the rest of the market, given that the goldies in North America went up along with the higher gold price. If DCN does not move then its perhaps a bad sign that there is something amiss here.

    loki (another party pooper post from the resident party pooper.)
 
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