Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Benjamin Ng who wrote (431)	2/3/1998 1:52:00 AM
From: Benjamin Ng	Read Replies (2) \| Respond to of 587

Of general interest: DAK was second-most active on the ASE for Monday, with 445K shares traded. (First-place winner was HEG/A at 1.2M.) At one point I saw a 100K block go across the board, although it was within one house. I just re-read my previous post, and felt I should clarify what I had stated. I am *not* suggesting that DAK is being hyped up or promoted, in case that was the impression given. What I should have said is that I understand that coverage of DAK by the Small Caps Speculator (SCS) is not solicited or endorsed by the company, so I only hope that any coverage of a company like DAK is done for the right reasons, and not for personal gains or gratification of the writer. Fortunately, I have noticed that SCS has taken a more conservative approach which basically says, "have a look -- here's a solid company which could yield some good returns in the next little while." It's quite a contrast from the SCS mailings back on Sept 16/96 (yes, 96!), which stated: "If you watched Cybersurf (CY ASE) take off last week you know what DAK is capable of. Don't chase this one over pennies, get in and get positioned!!" Or Sept 26/96, when SCS stated that "DAK will explode shortly!" Guess what? The value immediately reached new highs (~0.60) which it hasn't seen since. That's about where I naively got in! Hype (from many sources -- not just SCS) caused a rapid peak, followed by a rapid dive. Time has passed, and we now have a whole new company. I think a steady and gradual climb would be welcomed by all, and is now conceivably achievable on sound fundamentals. Last year, I would've been looking for a good exit opportunity, but now I think I'll hold on since the company is genuinely seeking opportunities for growth and profitability. My apologies if I was faulty in my implications regarding the value increase; I guess I found it peculiar that DAK suddenly peaked, coinciding with SCS's recent e-mail, which hadn't mentioned DAK since Aug 29/97. I failed to recognize the extra positive exposure which this "Buy Low Sell High" newsletter was providing. Lastly, the January 22 release is worth a read (and re-read): 192.139.81.46 Recall the (revised) private placement to raise $1M. Making up units are a share at $0.25 (incidentally the current market price) and a warrant at $0.40, exercisable until end of June '98. $0.40 by June would be respectable, but as BLSH and other sources are indicating, higher values are not far from realistic. Oh yeah, one more thing -- if you haven't already been there, visit Dakota's home page: telusplanet.com Best regards, Ben.