GREY:PGDIF - Post by User
Comment by
ekimon Apr 13, 2017 12:41pm
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Post# 26118757
RE:DDC Will PResent a "Lac De Gras Exploration" Update - May 23
RE:DDC Will PResent a "Lac De Gras Exploration" Update - May 23What a gong show DDC is right now.
A fire last year...a marginal Jay pipe FS that they purposely delayed Jay pipe 1 year and Jay pipe is economically feasible also because of the big deferral of reclamation costs, etc., etc.
Since the Dennis Washington Bid.....wow...everything is so Rosy. They are so many embers in the fire. The 3 year forecast looks unbelievable, exploration expansion, Indian crisis is completely over, Diavik extends by 2 years...on and on and on.
Wonder if DDC shareholders actually believe all this stuff.
Reality is that DDC has very decent cash flow for the next few years and that will decrease over time. Pretty boring stuff...Jay pipe may be a go...but is not going to be as cash flow positive as they have right now. Diavik had 2 partial years...a tail in production..not full production for 2 years.
Sorry...to sidetrack your post schocor....DDC turning on the 1000% PR is just too predictable.
LONG...PGD
EKIM