Dynamix Corp (DYX was Dakota Resources, DAK) 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 : Dynamix Corp (DYX was Dakota Resources, DAK)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Benjamin Ng who wrote (426)	2/2/1998 12:03:00 AM
From: Pietro Manniello	Read Replies (1) of 587

DAKOTA RESOURCES LIMITED (DAK ASE) Could 1998 be the year of Dakota Resources??? Over the last 8-12 months Dakota has undergone several fundamental changes. The company is removing itself from mining and is focusing in on new profitable opportunites. Dakota is acquiring a Calgary based company called Fastway Exploration. This is a private held seismic company that has been in business for about 12 years. Revenues for this company are at about $8 million a year and should grow by 20% this year. Fastway alone should bring in earnings of 4 cents per share. Dakota has also signed a letter of intent with another company called GL Fabrications. It is an oil field fabrication company and compliments the Fastway acquisition. GL's revenues could top 6 million dollars this year adding to DAK's earnings. Potential earnings for Dakota this year could reach 7- 9 cents per share. Trading at 15 times earnings at 9 cents per share could equal $1.35 per share. Even after giving it a 30% discount (due to uncertain market conditions) we're still looking at 95 cents per share. Credit has to be given to Richard LeBlanc who has helped turn Dakota around and has given it new direction and purpose. Dakota is turning into real company with solid assets, and may provide good up side potential in the mid to long term.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next