- Dynacor has stopped accepting ore for its Peruvian gold processing plant due to a crack-down on illegal mining.
- Half a ton of gold has been confiscated in a major illegal gold bust. Reuters retracts press release about involvement of one of Dynacor's suppliers.
- The share price has suffered and we predict further headwinds.
- We consider Dynacor a SHORT at the present point in time.
Dynacor (OTC:DNGDF) has a pretty simple and seemingly fool-proof business model. So much so that a fellow author made Dynacor his overall number one stock pick for 2014. We sincerely hope that he hasn't acted upon his own advice.
The share price has been on a roller coaster of late and...
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