DCN 1.88% 40.8¢ dacian gold limited

Ann: Production Update and FY 2019 Guidance, page-69

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  1. 1,958 Posts.
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    In.

    Macquarie published a copyrighted (can't copy) note taking into account the latest guidance revisions. Mac lowered the sp target from $3.10 to $3.00, with the Outperform(1.0). Not good, but far from a trainwreck. This is especially tasty from $2.28 from a risk-reward perspective, ~31%

    Interestingly, Mq's FY 2020 forecast includes an EPS of $0.484, with adividend(!!?) of $0.15. Mq's Outperform call is not an outlier, using the minimum three houses the sentiment is also an outstanding 1.0.

    As posted above the integrity of DCN's management does desrve strike #1. This reminds of an old joke concerning Canada's Venture Exchange, TSX-V, that is too often true: "How do you make a million dollars on the Venture? Start with ten million." So, I begin cynical, with no option but to take management's word -- for at least one more strike.

    OV

    PS Though having owned DCN a couple of years ago I only read about DCN's woes on another forum. My point is that other goldie has solid posters with thoughts I agree and disagree with, so does DCN.
 
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