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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Bullboard Posts
Comment by sysaphuson May 25, 2012 10:59am
238 Views
Post# 19946082

RE: RE: A few reasons to vote "against" management

RE: RE: A few reasons to vote "against" management

I've been patient for two years which is why we may have a difference of opinion. My patience has worn thin in those two years while your's is relatively new and thick. LOL.

 

I've had enough of the 2 year "ramping up" excuses. I've been investing in junior miners a long time and I've never seen a plant take 2 years to "ramp up" to production. Clearly they are either stalling or incompetent.  So which one is it?  Both of those require an explanation but Dmm management refuses to provide any.

 

Seriously, if it's really taken these guys 2 years to manage to "ramp up" to 20% production they are a joke and the joke unfortunately is on us. 

If they are waiting for some event, or legal issue, or whatever, we have a right to know and they have a duty to tell us.

Give us some guidance Dmm. Let us know what it is you are doing with our money and when we can expect full production.

Seems to me those are quite reasonable requests to make of a company we own.

But apparently not.

 

I have a hard time believing anyone with an investment in this does not think that after 2 years of "ramping up" production, Dmm management doesn't owe us an explanation of what exactly is going on down there and when we can expect commercial production. This is an entirely reasonable expectation for any shareholder..

Who here thinks that Sprott doesn't know exactly what's going on with Dynasty?

 

Yes they've built a mine under tough conditions but that in no way excuses their lack of transparency and unwillingness to provide their shareholders with the information.

Those two things are entirely different. The first I applaud them for, the second I condenm them for.

 

I don't think I'm asking Dynasty management for anything unusual here yet they continue to refuse to provide it.

Why is that?

Bullboard Posts