DMM.T Dynasty Metals announces that it has entered into a definitive three-year agreement with Green Oil S.A. ('Green Oil') to act as contractor for the development of specific mining concessions within the Dynasty Goldfield project in southern Ecuador.
Looks like Dynasty is off the mat with this deal. Doesnt look like a company thats going bankrupt but more like a company thats going to bounce off the bottom just like I thought. They'll have Dynasty producing high grade in less than 6 mths.
Still a risky situation and not advocating anyone to buy here. I understand their operation fairly well and bought a chunk when they closed the mine and the shares crashed.
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