A traders dream at the mo, I'm betting that if the pog goes up so will DCN, therefore I will probably buy more on MondayWell, well.
Down around 70 % yesterday after a sneaky sizeable profit downgrade Ann, 2 minutes before market open.
Set for a rally today?
Me thinks from close price of 0.515, we might get close to 70% back up today which in real terms, is only around 25% of yesterday's behemoth loss.
Even a dead cat bounces, when dropped from that height. Meeeooowwwww.
These are my internal thoughts and I am a frog. Obviously, not financial advice. Pure frog spawn only.
"This merger will create value by delivering on our strategy of extending mine life, diversifying our production base and increasing operational flexibility at Mt Morgans. This is a logical step for Dacian to expand operations in our region by unlocking resources within haulage distance of our substantial processing infrastructure, enabling future resource and reserve additions to be brought quickly into production," said Dacian managing director Leigh Junk.
"The merger with NTM creates an industry leading portfolio of advanced exploration targets underpinned by potential high-margin, low capital intensity development opportunities, which would significantly expand Dacian’s production profile through the addition of high-grade deposits to our operating plan, further future proofing our business."