Dakota Mining DKT Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Dakota Mining DKT

DKT 25.00

0.0%

Dec 27 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext

To: menanna who wrote (140)	2/14/2000 4:56:00 PM
From: bob k	of 141

Annamaria, I have received word a few months ago from the management of Durban Roodepoort Deep (DROOY) management that they are looking into the possibilities at Dakota Mining. As you know, DKT (DAKMF) did seek reorganization protection under chapter 11. DROOY's management is on the acquisition trail now and although the US mines were not on their shopping list, Dakota was interesting enough that it made their list. I'm sure others are focused as well! You will note that Royal Oak mines is now returning to the marketplace that was many times in dire straights as opposed to Dakota. As POG rises, DKT has the GOLD in the ground and that value and resource can be leveraged including hedging if need be. It a waiting game. The Dakota mines have the capability to mine 200,000+ oz per year with costs of 220 per oz. Certainly worthy of any suitor, after all they have very workable mines..... interesting times ahead.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext