DCN 1.88% 40.8¢ dacian gold limited

Ann: Trading Halt, page-30

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  1. 1,484 Posts.
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    I’m not confident of this announcement regarding production being a good one. As the announcement also states updating the FY guidance for 2019. DCN are already pushing it to hit that bottom end of the 180-210k guidance so the chance of exceeding the top end of guidance is unlikely.

    So the only logical reason for the update is to say they’re going to miss the bottom end…. but as others said that reflect poorly on management, especially considering how recently they have re-affirmed that guidance.

 
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