DCN 1.88% 40.8¢ dacian gold limited

These are the North American Institution % holding on the DCN...

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    These are the North American Institution % holding on the DCN registry

     

    5th of April - 15%(DCN share price tops - around $3)

    16th of Oct - 22%(share price falling)

    26th of Nov - 24%(share price bottoms - around $2)

    25th of Feb - 22%(share price rising)

     

    There is a definitecorrelation to the share price falling vs US institution % rising.

     

    I don't think thatis just coincidence and I don't think the rising price of gold and the smoothtransition from developer to producer has been the only cause of therecent rise in stock price.

     

    The US institutionshad gotten their fill by early Dec (there were some very large cross tradesmade at the low $2 mark) and they have now stopped their accumulation tactics(that in my view were supressing the DCN share price).

     

    (figures above takenfrom company ASX announcement presentations)

     

    My last post onthis (below)

    https://hotcopper.com.au/threads/ann-agm-presentation-2018.4550097/#post-36636175


    Last edited by timbin4: 27/02/19
 
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