Dear millie43au, Hope you had as good luck with fishing as...

Dear millie43au,

Hope you had as good luck with fishing as Dragon had with
currencies Foreign exchange gains 3.1 million.
Apparently forex trading could a new business for Dragon directors .
https://hotcopper.com.au/threads/lo...-of-the-loan.4250206/page-32?post_id=34574610

I realize, that you were exactly correct with your bet about the loan usage
until the end of Q2. Actually 6 million was drawn down but strangely 1 million paid back in between
Lucky me to have got chicken with that bet.
You are the absolute wizard with Dragon.
https://hotcopper.com.au/threads/lo...cash-crises-terms-of-the-loan.4250206/page-15

"but the company would have had to update the prospectus with new numbers , update all the technical and legal opinions new audited accounts  ect which would be significant work and obviously take time so lets wait and see what the Company  and the Hk exchange  say"
-So apparently you have changed the opinion about the HK hearing announcement in July in the first post? But apparently you do not think that there would be unexpected problems causing the change.

"One does not need to speculate on  insider trading its a simple value proposition dragon has been undervalued on the ASX for a long time and the increasing certainty of a HK listing and Faboliden as a new mine  just brings the upside forward any one can see that ."
-The ounces estimated by the skilled person do not indicate any substantial upside with
Fäboliden. The discussion was about increasing the capacity of Svartliden, but without evidence
or even discussion with competent person
https://hotcopper.com.au/threads/lo...cash-crises-terms-of-the-loan.4250206/page-17

Dragon directors have been lucky with the sister company Tanami, getting financing
and a partner bound to the project with substantial payment for shares. Though markets considered
that Tanami made bad business and buyer won there.
Anouncement of the Tanami option use
https://www.asx.com.au/asxpdf/20180627/pdf/43w35dc5x7ngk4.pdf
After all, it looks like that selling the shares of gold company is better business than the mining.
As the coming years will be challenging for Dragon,
how would it be with the merger with cash rich Tanami suggested several time by the regular wizard Miningnut?  Keeping the risky egg in a separate basket would be the other choice.

Once again, I'm not a gambler and not shorting.
But those who do that, could get interested at least in case HK listing would fail?
I don't think Dragon would be undervalued,
but very much overvalued with HK speculation.