Dynacor Group Inc T.DNG

Alternate Symbol(s): DNGDF

Metals & Mining Gold

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

Dynacor Group Inc

Bullboard Posts

Post by Laci333on May 18, 2009 5:27pm

494 Views

Post# 16000013

Share Price Weakness - $8.7 Mill Claim??

In 2008 Year End and 2009 1st quarter financial statement:
Note 10. Contingencies

The Company is currently facing a potential claim from the Peruvian tax authorities for the 2003 and 2004 fiscal years. The majority of the claims come from the refusal of the deduction of purchases of ore and sales tax paid on those purchases from certain suppliers. The company’s management are of the opinion that the claim, in the amount of $8,700,000 does not have legal merit. The company vigorously contests this position. No provision has been recorded in this matter.... Your thoughts anyone. Nice 1st quarter 2009 of .03/share

Bullboard Posts

Visionstate set to leverage success in the U.S. market