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 If you can buy Canadian -
Perhaps this little company growing quickly and generating profits may interest some.
Note: It is tightly held and better suited for investors with 6-12 month investment horizon.
Report here: http://www.mediafire.com/?qktmyxddzkm
Last edited by DNIR; 02-20-2009 at 10:46 AM.
Reason: broken link
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Re: If you can buy Canadian -
I would be cautious about investing in this company. Why? This is a gold company that has a steady decline in share price until this week. This makes me wonder why.
As you can see in the following chart there is a lot of volume a few days ago....but not now....PUMPED??? I wonder...
DNG.TO - SharpCharts from StockCharts.com
the PNF chart is very close to a resistance @ $0.36....so if you buy in at this point it is a buy-in at the top.
This sudden rise followed by little volume afterward is suspicious to me...Also the fact that the share price has shown little in past months when gold stocks rose steadily.
That is my opinion anyway
I am not a stockbroker. I retired four years ago and learned charting. The opinions expressed in my signatures are my own. Do your own DD and accept or reject my comments as you please.
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Re: If you can buy Canadian -
Thanks for the TA chart, it is awesome. I guess I tend to study more of the fundamentals. I am tired of companies wasting shareholder's money through expensive PP and at the same time not making any money - this one is.
Their annual report is coming out in March. The expectation from management is the report should be rock solid.
Feb 2009 research report: http://www.mediafire.com/?qktmyxddzkm
Dynacor’s President and CEO, Jean Martineau, considers that these results have laid the foundation that should allow the Company to progress further in the coming year. Indeed, he recently commented that “DNG’s gold sales (in $) have more than doubled since 2007 and the Company’s financial results for Q4 2008 and in fact for all of 2008 should be rock solid. We expect that this will continue in 2009 since most financial analysts expect the price of gold to remain high considering its status as a store of value in these uncertain economic times. Some of the more optimistic scenarios call for the price of gold to even exceed $1000 per ounce”.
RECORD 4TH QUARTER
Since the beginning of its operations, Dynacor’s 2008 4th quarter financial performance is its best ever with gold sales of 11,332 ounces totalling 11.4 million dollars. This represents an increase of 75% (in $) compared to sales of 6.5 million dollars in the same period in 2007 (gold sales, 8,272 ounces in 2007, increased by 37%).
Last edited by DNIR; 02-20-2009 at 10:47 AM.
Reason: broken link
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Re: If you can buy Canadian -
Their story is certainly building.
Dynacor Gold Mines Inc. ( dynacor )
Symbol : DNG
Toronto Stock Exchange (TSX)
Acari : Dynacor increases its Milling Capacity by 100%
Montréal, Québec, le 24 février 2009 – In early 2008, Dynacor began upgrading its Acari custom gold milling plant. This process was continued throughout the year and Dynacor is now pleased to announce that the plant now has a sustainable capacity of 180 tons/day after a 2-month testing period during which this milling rate was maintained.
The Acari plant –a custom gold milling operation that purchases gold ore from miners in the region – has increased its capacity by 100% as compared to the beginning of 2008 when the capacity was 90 tons/day. This increase in the plant’s capacity has enabled the Company to sell more than a ton of gold in 2008 (total gold sales of 36,800 ounces in 12 months – see Press Release dated February 10, 2009).
Commenting on these results the Company's CEO, Jean Martineau, recently stated “We are extremely satisfied with the Company’s results in 2008, we surpassed our 30,000 ounce gold production target and are confident that we can continue developing the Company’s activities along two axes, namely furthering the exploration of our very promising Tumipampa property and continuing the modernisation of our custom gold milling plant at Acari.”
UPGRADING THE ACARI MILL
The purchase of new equipment for the Acari Plant during 2008 was key to increasing the milling capacity and the amount of gold it produced. As this equipment went on line capacity first increased to 120 tons/day in March and then to 140 tons/day in October (see Press Releases dated 16th of April and 12th of November 2008).
Upgrading the plant involved two distinct approaches: increasing capacity and increasing process flexibility. The former involved the installation of two new ore crushers (a cone and a jaw crusher), a new ball mill and 4 new cynanidation tanks. Increasing process flexibility involved the building and testing of a Merrill-Crowe treatment unit that allows the plant to process very high grade ore and maximise gold and silver recuperation.
During 2009, Dynacor will continue its investment and development plan for Acari. The Company is at present looking into various scenarios that should allow it to reduce its operating costs and increase its income.
EXPLORING TUMIPAMPA
Following its successful 2008 exploration campaign (see Press Releases dated July 15, 2008 and September 4, 2008) that led to the discovery of three types of gold mineralisation including a mineralized Skarn structure, Dynacor is keen to continue the exploration of this very promising property. The Company’s geologists are presently completing the exploration plan and budget for 2009 and Dynacor will announce as soon as possible the beginning of the 2009 exploration campaign.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold exploration and mining company, that has been active in Peru through its subsidiaries since 1996. The Company’s assets include the Acari, Casaden and Tumipampa exploration properties. The Acari mill produces gold by custom milling. Dynacor’s strength and competitive advantage comes with the experience and knowledge the Company has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
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