RE:At This Point, I'm Just Looking For A Way Out There is no doubt that this stock is frustrating. I was fortunate enough to buy quite a bit in the 20's and somewhat higher.
In similar frustration to yours, I sold most of my position – fortunately at a profit – when I felt that the Peruvian government might be an obstacle that could not be overcome – that incompetence and possibly corruption might result in a delay stretching just short of eternity.
Now that the company has the permits for Chala and an upgrade to the existing mill, I am reassured. If they are making money at 250 tons per day, they should make considerably more at 900 tons.
I have been buying back – and intend to buy back – some portion of what I sold at much lower prices. I think the permits signal an essential change in the circumstances of the company.
There is the added attraction that Tumipampa could be worth multiples of the current share price.
I suspect Dynacor suffers from being a small company in an unloved field which – because it is self-sustaining – has no need of and therefore no backing from – a big investment bank.