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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 ijerryhaleon Mar 09, 2018 7:28pm
168 Views
Post# 27695257

RE:AGB versus DNG, huge valuation gap

RE:AGB versus DNG, huge valuation gap"Dynacor Gold (DNG) estimates that it will reach or exceed 90,000+ oz gold production this year. It will definitely hit 85,000 oz because it hit 80,000 last year" The question here is the same as it has been for years now i.e. "if Dynacor is so successful, and if it has been so very successful for years now, where's all the money?" It's a rhetorical question of course, the money's gone. It's largely been spent on a big hole in the ground that Dynacor can't, or more probably won't, put a value on. And I think they won't put a value on it because that hole in the ground has turned out to be largely just that -- a hole in the ground. Martineau and company have been saying "we gonna' do this, and we gonna' do that" for years now. All the talk about a dividend is just the latest carrot that they've been hanging out there. Now, to be fair, Dynacor has been making money for a lot of people for years now, it just happens that the people that are making the money aren't the people who own the corporation. Stock is a turd. Company is pretty much a turd as well. Case closed.
Bullboard Posts