RE:RE:RE:The Long Slow March Towards IrrelevanceAs I have written on this board now many times -- yes -- if you bought Dynacor more then five years ago you have done very well. However, if you bought Dynacor four years ago all things considered you have actually lost money. And please don't respond with the stock 'gold bear market' response. DNG is not a gold miner and looking at past performance they never will be. DNG states that their margin is about 17% no matter the price of gold, and they 'make money at any gold price'.
As I wrote on SeekingAlpha
"On Jan 13, 2013 DNGDF closed at 1.67. Today DNGDF is 1.69" (acutally it's now 1.64).
In the past four years now we have heard on more then one occasion that:
1.) Dynacor is planning to release a 43-101 resource estimate for Tumipampa
2.) Dynacor is planning to begin mining ore from Tumipampa
3.) Dynacor is planning move off of the pink sheets in the US
4.) Dynacor is planning to pay a dividend
5.) Dynacor is going to build Chala without diluting shareholders
And so on. None of this has happened. As an example, Chala cost half again as much as it was supposed to cost, was almost a year late, and Dynacor took out a loan at ten percent interest to pay for it.
If you read the various presentations by Jay Taylor and Dale, or Jean Martineau, or have read the various Dynacor 'presentations' (I use the quotes because, again, most of these are simply propoganda rags varnished over by safe harbor statements) all of this was supposed to happen by 2017. Again, we are well into 2017 and none of this has happened.
We have heard in succession that '2015 is going to be the year', '2016 is going to be the year', '2017 is going to be the year', etc. In reality Tumipampa is now pretty much just a hole in the ground and Dynacor has moved on to telling us all how they now have ambitions to move on to milling ventures outside Peru.
If you want to shill for Dynacor management on this board, fine, have at it. But please don't ask me to buy the hype because I'm pretty sure I know a lot more about this company than you do.