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

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To: Wats who wrote (367)10/6/1997 1:31:00 PM
From: Donald F. DeKold   of 587
 
Wats, thanks for the kind reply. Relative to DAK's firm closing on Friday followed by its good start today...which seems to have fizzled at the time I write this...there could be a very simple explantation. Antares (ANZ:TSE) and Coleville (CLL:ASE) have had news releases that may be catching the attention of investors. I noticed the bid on DAK was at 21 cents until the news releases hit and then it dropped to 17 cents.

BOTTOM LINE: If my assumption above is correct, then today's action indicates no change in fundamentals for DAK, which hopefully will resume its upward trajectory as soon as the ANZ buying frenzy is over. I feel the strong bids for DAK will return, when this occurs.

I've got this gut feeling that DAK is being accumulated. It started in the last week of September. Any thoughts?

Regards,

Don
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