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Record Revenue Masks Deepening Core Issues and Alarming Lack of Transparency. iolite: Dynacor Urgently Needs New Leadership.
Pour le français, veuillez consulter ci-dessous. Para español, véase más abajo. News Release Freienbach, Switzerland, November 25, 2025 iolite renews its call for leadership change at both the board and executive levels. While management celebrates record quarterly revenue, Dynacor’s only cash-generating asset – Veta Dorada in Peru – is suffering a severe and deteriorating loss of operational integrity. Sustained throughput declines, sharply higher costs without credible expl
Nov 257 min read


iolite Renews Call for Leadership Change at Dynacor Following Weak Q2 Results and Lack of Accountability and Transparency
Pour le français, veuillez consulter ci-dessous. Para español, véase más abajo. News Release Freienbach, Switzerland, September 5, 2025 A few days of full plant utilization and vague promises of future projects cannot offset major leadership issues and a year of sustained underperformance. iolite renews its call for Chairman Pierre Lépine and CEO Jean Martineau to resign, following the Company’s press release yesterday. Severe underperformance: Q2 operating income of US$3.3 m
Sep 56 min read


iolite Files Formal Complaint with Securities Regulatory Authority and Calls for the Immediate Resignation of Chairman Pierre Lépine and CEO Jean Martineau.
News Release Freienbach, Switzerland, June 30, 2025 Significant Operational and Financial Issues, Disclosure Failures, and Problematic...
Jun 303 min read


Dynacor AGM (TSX:DNG): WITHHOLD YOUR VOTE for Mr. Pierre Lépine (Chairman)
News Release For Immediate Distribution Freienbach, Switzerland, May 26, 2025 iolite Partners Ltd. Issues Letter to Fellow Shareholders...
May 2011 min read


Excerpt Annual Letter 2024
"Long periods of prosperity tend to breed sloppy thinking and speculative excess… It’s like a tide that lifts all boats, but when it goes...
Apr 76 min read


Dynacor refuses to call requisitioned Special Meeting – iolite calls Meeting for April 9, 2025 (TSX:DNG)
News Release For Immediate Distribution Freienbach, Switzerland, March 6, 2025 Dynacor refuses to call requisitioned Special Meeting – iolite calls Meeting for April 9, 2025 iolite Capital Management AG, a Switzerland-based investment manager, requisitioned a Special Shareholder Meeting of Dynacor Group Inc. (TSX:DNG, the Company) on January 30, to have Mr. Robert Leitz elected to the board. Dynacor has failed to call the meeting as required. Consequently, iolite is now c
Mar 67 min read


Thoughts (Jan 2025)
“The wisdom of the crowd only works when everyone knows something about the thing they are evaluating.”- James Surowiecki Irrational...
Jan 104 min read


Excerpt Interim Letter 2024
[for German, please see below] Appeasement is feeding the crocodile, hoping he will eat you last." [Winston Churchill] Change requires...
Oct 2, 202411 min read


iolite chosen by Electa: a value-driven partnership
[for German, please see attached] I am excited to announce that iolite Capital has been selected by Electa Value Capital Fund, a newly...
Sep 9, 20244 min read


Strategic Investment in Dynacor Group (TSX:DNG)
News Release Freienbach, Switzerland, 15 April 2024 iolite Capital Announces Strategic Investment in Dynacor Group iolite Capital...
Apr 14, 20242 min read


Excerpt Annual Letter 2023
“Those who do not remember the past are condemned to repeat it.” (Benjamin Graham) The Nifty Fifty Bubble - a valuable lesson from the...
Apr 5, 20245 min read


Excerpt Interim Letter 2023
I recently revisited the journeys of renowned investors who went through periods of significant pain, and Charlie Munger's remarkable story,
Oct 6, 20238 min read


Opterion: a disruptive dialysis treatment
Opterion Health AG, based in Muttenz, Switzerland, is developing a highly disruptive dialysis / end stage kidney disease treatment likely...
Sep 21, 20231 min read


VALUEx Klosters 2023
I am very excited to attend this annual community gathering hosted by Guy Spier, a dear friend and fellow investor. Link: VALUEx Klosters...
Jan 16, 20231 min read


Excerpt 2022 interim letter
“In stocks, it's the only place where when things go on sale, people get unhappy. If I like a business, then it makes sense to buy more...
Sep 30, 20227 min read


VALUEx Vail 2022
I am thrilled to attend this annual community gathering hosted by Vitaliy Katsenelson, a dear friend and fellow investor. Link: VALUEx...
May 31, 20221 min read


Omaha 2022
I am incredibly excited to see Warren Buffett (91) and Charlie Munger (98) live one more time at the Berkshire Hathaway annual...
Apr 1, 20221 min read


Excerpt 2021 annual letter
“Maintain an army for a thousand days, use it for a moment.” [Chinese proverb] When I started writing this letter, I wanted to talk about...
Mar 31, 20222 min read


VALUEx Klosters 2022
I am very excited to attend this annual community gathering hosted by Guy Spier, a dear friend and fellow investor. Link: VALUEx Klosters...
Jan 30, 20221 min read


Excerpt 2021 semi-annual letter
“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” [George...
Jul 12, 20216 min read
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