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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 unfeasiblylargeon Apr 17, 2018 5:01pm
145 Views
Post# 27900633

RE:RE:Dynacor Announces Share Buy Back Program

RE:RE:Dynacor Announces Share Buy Back ProgramWhile I understand Toes' frustration, I see the Buyback differently - as a logical precursor to instituting a dividend policy.  At present we are down about 50% from our $3.50 high from mid 2016 and so, while a dividend announcement could be expected to boost the share price somewhat, it would be a waste to use that lift when the share price is already depressed.  To my mind, it is better to implement a share buyback program now to float the price back up (on a sustainable basis) over the coming year. The 1-2 million shares thereby cancelled decreases the cost of maintaining a dividend program and share buyback would be more expensive if you approached it in the opposite order.  For myself, I am taking this opportunity to top up my own holdings and anticipate being rewarded for my patience with both a higher share price and, ultimately, a sustainable dividend.  ULarge
Bullboard Posts