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Dynacor Group Inc T.DNG

Alternate Symbol(s):  DNGDF

Dynacor Group Inc. is a Canada-based industrial gold ore processor. The Company is engaged in gold production through the processing of ore purchased from the artisanal and small-scale mining (ASM) industry. The Company also owns the rights on several mining properties which are at the exploration stage, including its flagship exploration gold, copper, and silver prospect, the Tumipampa property (Tumipampa). Tumipampa is located approximately 500 kilometers (km) from Lima, Peru, in the Circa district, Province of Abancay, Department of Apurimac. Tumipampa's concessions cover an area of approximately 4,000 hectares and are located geographically on the eastern slopes of the Andes Mountain Range between 4,200 and 4,800 meters above sea level. The Company's produces environmentally responsible gold through its PX IMPACT gold program. Its Veta Dorada plant is gold mineral processing plant in Peru. The Company's Anta property is a copper/silver exploration prospect.


TSX:DNG - Post by User

Bullboard Posts
Post by takingthemonon Apr 20, 2013 11:55am
174 Views
Post# 21280600

No Dividend

No Dividend

Anyone here thinking this company should paying dividend is crazy and just is not in touch with the market. I have had these shares for while and I am slightly under water. Yes many people do not understand the company and with good reason. If everyone understood they company well enough they would go out and copy them. Many have tried to copy and are currently stumbling. This company is in a growth phase not a topping out point where it has ample CASH ON HAND to FUND near term growth. It now has close to what is needed for the new mill expansion but that would deplete ALL CASH ON THE BOOKS. If this company goes to the market for a big piece of debt SELL your shares. Case in point..just look at many of the low coast producers of silver/gold with good balance sheets which are paying a dividend. Right the shares are down and more selling is lined up for the next while. 

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