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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
Comment by peegoon Aug 19, 2013 2:43pm
249 Views
Post# 21681465

RE:Chart & Chatter

RE:Chart & ChatterHey boomer, I hope you're correct about the lows being in for the PMs. I'm long term bullsih, but still think there might be some downside left perhaps to playout sept/oct. Depending on how you do the counts, the $1180 low in gold could be the end of 4th down so that we're currently at the very start of Major 5 up. But I see counts with the $1180 low being only the 3rd of the 4th down, with final 5th down still to come, so that we're in a ABC correction rally up to possibly $1400-$1440ish. And then a final 5th down to test or go slightly below previous low. Time will tell...

I'm fully allocated in my swing captial in the miners since 2 wks ago, but looking to booking some profits this week. Still have my buy stop on DNG at $1.30 if it gets that low again. It would indeed be a gift.
Bullboard Posts