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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK)
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To: Donald F. DeKold who wrote (315)7/28/1997 1:36:00 PM
From: Laser   of 587
 
Don,

I know your comments were addressed to Wayne and Violet, but
I would like to express my opinion on averaging down at this point
in time. I've been somewhat of a negative poster of late but not a
co basher as I'm still long and would not have anything to gain by
doing so. God bless all you positive posters as you are much
needed!
Based on DAK's recent history of deal-making or lack thereof, I
just cannot bring myself to invest any more hard- earned cash in
this co. It's " show me the money " time for me. I would have no
problem with taking a larger position at higher prices once the co
proves that it can deliver the goods. Rumors of deals, jv's, etc.
just doesn't cut it anymore as far as I'm concerned. I look at DAK
as not much more than a shell with approx 16m shares out with
a few mineral claims that they are not going to work. This is why
I give it a .05 - .10 share value. 16m shares is a high number
for a shell but perhaps they're in friendly hands.
If the gravel deal does come down, I'm wondering just how realistic
the cash flow really is. Are the figures based on maximum production
until the pit is exhausted? I don't have construction expertise, but after being a small business owner in the retail sector for several
years, projected and actual cash flows can have somewhat
different outcomes. Anyways, this post is much too long-winded
so best of luck to all.

Leonard
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