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08/12/18

20:36

Post #: 36795413
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Originally posted by FiveCent ↑

Originally posted by loki01
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.)
loki01,

Nothing amiss here. Don't knock management. They have done a wonderful job here. They are not going to post an announcement just for the sake of it. Their reporting has been first class. Patience is the key here. Results will come out when they come out. Shorters will finish playing their games and move on to the next stock as soon as the next announcement comes out.

All IMHO and fyi, I think we will here from the team in the next few weeks b4 Xmas then into January for DEC Qtrly and a Commercial Production update.

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Having been in since the IPO in 2012 I have absolute faith in RW and his team - to only have one minor hiccup over that time and journey is a truly remarkable achievement IMO
We are tantalisingly close to a re- rate once the December quarter is over - hopefully production is a tad above 40000 and we declare an AISC of around $1k.
From then it’s game on

DCN Price at posting: $1.99 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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