DYNATEC CORPORATION (TSE & ME - DY) Message Board

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Gold/Mining/Energy : DYNATEC CORPORATION (TSE & ME - DY)

DY 410.76

-1.1%

Feb 10 3:59 PM EST

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To: marcos who wrote (3)	4/17/1998 3:00:00 AM
From: Richard Nash	Read Replies (1) of 148

Hi Marcos, It's nice to hear somebody else on SI is also interested in Dynatec. I agree it is really too bad what happened with the spin off of DY, but with DY's assets, cash, and earnings, I believe this is a good stock to buy and hold. I expect it may take a while for the stock to really get moving up, but with the latest news release I believe it will happen. 01/14/98 - Dynatec won the contract to sink a 1600 foot shaft for North America Salt Company valued at 9.5 Mil. In Feb they won the Barrick contract worth 12.5 MIL, the future should be interesting ! Plus with all the cash DY has, the company is probably hunting for assets. From my understanding the CEO and directors have been issued warrents to buy DY at 1.00 per share, the warrents are good until the year 2000. Also the CEO has been granted 1.5% of profits until year 2000. I think these guys are going to do what ever they have to do to make a profit and boost the share price. P.S. I'm also hoping Founder Energy will fall back into the .90's, I would like to buy a little more. Keep In Touch !!!

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