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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK) -- Ignore unavailable to you. Want to Upgrade?


To: Benjamin Ng who wrote (519)12/24/1998 2:25:00 PM
From: Benjamin Ng  Read Replies (1) | Respond to of 587
 
Just spoke with Richard regarding company activities. Things sound about right and I have renewed faith that 1999 will be a good year for Dynamix as the company moves from exploration to production (Kentucky).

Expect a couple of releases in January, one describing company activities, progress, and numbers; the other in the latter part of the month will be company year-end financials (currently in draft).

Current prices are ridiculous, but an excellent opportunity to accumulate and average down. (And it's time to start thinking about RRSPs again.) EPS in '99 will almost certainly be better than current price, and P/E ratio is very small.

Gas prices are very low due to decreased seasonal demand compared to forecasts based on previous years, so this is probably impacting most O&G companies' value. For a perspective, check out:
Forecast of mild weather drops natural gas price at cnnfn.news-real.com
as well as
No thaw seen yet in natural gas prices If weather continues... at cnnfn.news-real.com .

Season's Greetings,
Ben.