GREY:DRGDF - Post by User
Comment by
HARJAYon Mar 06, 2018 11:05am
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Post# 27667710
RE:RE:RE:RE:BNN Market call
RE:RE:RE:RE:BNN Market callI doubt very much that DGC would sell out at this level . A premium would be required to entice the mgmt and board to even consider a sell out , the question is how much of a premium from this level.
If and i believe it would be required the sheholders would have to vote on any sellout and i believe nothing less than high teens would even be considered.
Just my opinion , don't beat me up
FYI just to remind you
2017 Highlights
- Annual gold production of 571,463 ounces; fourth quarter gold production of 150,046 ounces
- Annual average mill throughput of 58,508 tpd and mining rate of 274,000 tpd; fourth quarter average mill throughput of 54,144 tpd and mining rate of 294,000 tpd
- AISC estimated at $1,065 per ounce sold for the full year; fourth quarter estimated AISC of $990 per ounce sold
- Convertible notes repaid in November 2017
- Total debt repayments of $88 million for the year
- Year-end cash and cash equivalents of approximately $134 million