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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK)

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To: Benjamin Ng who wrote (573)7/5/2000 10:56:43 PM
From: Benjamin Ng  Read Replies (1) of 587
 
Accumulation??

Someone has been buying larger volumes than normally trades on DYX. Today's buyer was from RBC Dominion Securities. At least the trend has been upwards lately, generally closing at or higher than the previous day's close. There's a hint of support, but not enough to make me convinced yet. The DS buyer bought 56.5K shares today from 0.12 up to 0.14, and has 13.5K outstanding on the board, bidding 0.14.


Buyer Seller Price Vol Time
(002) RBC DS Inc. (002) RBC DS Inc. 0.14 4,500 7/5/00 1:20:02 PM
(002) RBC DS Inc. (025) Odlum Brown Ltd. 0.14 10,000 7/5/00 1:20:02 PM
(002) RBC DS Inc. (007) TD Securities Inc. 0.14 10,000 7/5/00 1:20:02 PM
(002) RBC DS Inc. (009) Nesbitt Burns Inc. 0.14 2,000 7/5/00 1:20:02 PM
(002) RBC DS Inc. (002) RBC DS Inc. 0.13 10,000 7/5/00 1:04:06 PM
(002) RBC DS Inc. (079) CIBC World Mkts Inc. 0.12 20,000 7/5/00 9:03:02 AM


Q3 just passed (June 30), so hopefully we'll see a quarterly in a few weeks. The last one was quite a turn-around for the company (6 month EPS of 2.4c). With oil and gas prices still very strong (see energyintel.com ), I feel good about DYX. Natural gas is in the US$4.50-5.00/MMbtu range.

No plans to contact Mr. Squarek from the company for a while. I'll probably call in the late summer or early fall to get an update.

Anyone still here? I feel like I'm talking to myself.

Ben
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