Alio Gold Inc. T.ALO

Gold producers, ALO, DNG

[stockfy]

if you want to diversify your gold portfolio reducing your exposure to ALO, I think Dynacor Gold (DNG) deserves a look. DNG is a growth gold producer that has been profitable for 29 (!!!) consequtive quarters in a row, it consistently generates free cash flow, it's debt-free, it has almost US$11 million cash and it's trading below 3 times its 2018 EBITDA. Production guidance in place, new production record this year.

Additionally, DNG has been buying back its shares (see canadianinsider) and has also said that it plans to give the first dividend this year. Just my two cents.

 

[ijerryhale]

"that has been profitable for 29 (!!!) consequtive quarters in a row" If Dynacor has been so profitable, where's the money? This is a rhetorical question, DNG dumped all of the money into a hole in the ground that, it turns out, isn't worth jack. Where's the stock buy back? Turns out the most recent stock buy back announcement carries about as much weight as the non

[stockfy]

ijerryhale, instead of rating all my comments with 1 star while also making false statements, stay with the facts. These facts will also help you realize how DNG has been using its consistent profits and free cash flow over the last years. These facts include DNG's big investment in the newly constructed Veta Doranda plant that was completed in late 2016 and replaced the previous old plant

[ijerryhale]

"replaced the previous old plant along with the elimination of the debt in 2017. DNG had a significant amount of debt in 2016" Why did DNG have debt in 2016? That's right, it's because they BORROWED the money to build Chala. If DNG was making so much money, why did they have to borrow money to build Chala? Oh, yeah, that's right, it's because they dumped all their money