Major mining deals and debt-free DNG Major developments take place in the mining sector lately. NSU's deal with Lundin, AZ deal with South32, while FM backed out and called off the agreement with NDM about the giant Pebble project. So if you look for the next mining deal, check Dynacor Gold (DNG), which is a takeover target.
DNG produces gold, is debt-free, generates a lot of free cash flow and its current Enterprise value is less than 4 times its 2018 EBITDA.
DNG's CEO also says that the company will initiate a dividend this year thanks to its consistent and strong free cash flow.
Do your dd to verify everything. My two cents.