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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 onepunishaon Jan 31, 2014 2:04pm
116 Views
Post# 22159412

RE:I would like to be positive.......

RE:I would like to be positive.......There is no reason to think Dynacor has been purchasing illegal ore, and DNG is probably one of the only purchasers that complies with gov't regs.  So DNG is really the last company the gov't will bother.  Remember that it's one of the only processors actually following the law, and has been doing this for a long time.  Mgt has seen this type of thing happen in the past, and as others have already mentioned, the purchases have been stopped before.  

There really is no cause for alarm at this point.

The reason DNG has been waiting so long for the new permit is the same reason DNG stopped purchasing:  the gov't crackdown on illegal mining.   Now that the new regs are in place and DNG is compliant, IMO the new permit will be issued very soon.

I hope shares go lower, but not holding my breath.  Buying now b/c good news is on the way, and that'll send the SP back above $2.
Bullboard Posts