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

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To: shakedown who wrote (521)2/3/1999 12:53:00 AM
From: Benjamin Ng  Read Replies (1) of 587
 
Ah, good, I was afraid this forum had become abandoned. Was about to post the news release when I noticed it had already been done (thanks Warren!).

The other release to expect is the year-end financials (September 30, 1998). I would expect this late next week or so, after the statements have been audited by the accountants and approved by the board. Public companies (at least on the TSE and ASE, as far as I know) have 140 from fiscal year-end to disseminate the info, so that puts us right in mid February. I'm looking forward to (hoping for) good results, especially with revenues from Fastway.

Today's news looks positive and the company is moving forward. Does anybody know about the price of gas? Is there a good link on the web? Just trying to assess the value of volumes produced. Unfortunately, I believe gas prices are low due to the mild winter. Despite the news, DYX is still trading in ridiculous lows. House 52 (I think that's McDermid?) recently put in a bunch of sizable orders on the sell side at .08, 0.09, and 0.10. Trying to put up a wall between here and the more realistic values?

Here's Tuesday's BID/ASK showing at the end of day:

BIDS | OFFERS
----------------------+-----------------------
Orders Volume Price | Price Volume Orders
1 20,000 0.060 | 0.065 1,000 1
3 55,000 0.050 | 0.080 50,000 1
1 75,000 0.020 | 0.090 50,000 1
| 0.095 16,000 3
| 0.100 82,000 4

Ben
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