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Gold/Mining/Energy : Canadian Microcaps
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From: Dick Martin6/24/2007 1:28:13 PM
   of 817
 
Dynex Power is on its way up, should see further movement in the coming week, the graph certainly looks like we are ready fo a higher price range. Company is doing well according to info from AGM

"Dr. Taylor also stated that over the past six months, the Company has been approached by a number of parties who expressed interest in some form of strategic combination or joint venture. However, the Company chose to hold exclusive discussions with one non-financial party on the desirability of that industry participant acquiring a substantial but not a majority interest in the Company by means of a private placement of treasury shares, the proceeds of which would be used for debt reduction, and capital expenditure that the Company believes could be transformational."

What could be transformational? Well certainly new technology and we know the company is working on an advanced Schottky diode using diamond.

e6.com
According to Dr Paul Taylor, Chief Technical Officer at Dynex Power Inc., “We are highly delighted to have this opportunity to work on a ground breaking project with Element Six and the University of Cambridge. When applied to power components, diamond has major advantages over other materials such as silicon or silicon carbide. We already have target applications that will be more competitive using this new technology, and we aim to produce prototypes to confirm these benefits. This could prove to be a rare opportunity to implement a market defining technology.”

This company is a leader in its field, a good place to your money; in my opinion.

~~ Dick
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