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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 Oct 17, 2013 10:22am
165 Views
Post# 21823314

As I said...

As I said...So the stock is still holding up well but it did fail to break through the old high. As I saw the stock would be in a trading range.  Volume is shrinking and the gold spot price is not helping. Investors should be very careful here. With the volume shrinking and the inter day prices swinging like they have you could see the price fall back to the $1.24-$1.27 level.  If stops are taken out you could have a 1-2 day drop fast.

This is what I am waiting for. If it happens then I am going to start buying again.
The future for the company does like good but it still has many obstacles to over come. The permits....building and finishing on time and budget....how they pay for everything...not just talking about but see papers signed....and of course the drilling which costs money as well.

Be careful and watch that volume.

Regards
Bullboard Posts