Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals

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

Core Gold

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Comment by 1kgcoffeeon Nov 15, 2013 9:54am

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Post# 21909216

RE:RE:RE:RE:RE:RE:RE:RE:is the long wait over?

robnhood wrote: Seems to me that the last PP that Sprott participated in, was at $4.00. They have not done too well on that "squeeze".

I don't know where and why all of this babbling about PP's is coming from.
Washer has done an outstanding job at keeping the share count down, and continues to do so.

At the time, gold mania was peaking and $4.00 was a good deal, below future intrinsic value of the company. No one expected gold to hit $1180 and the share price to dip to $0.60.

Up until now, DMMs production was not profitable enough to bootstrap continued production before hitting the mother lode. They needed money in Q2 and Q3 and managed to squeeze by with some generous loans. Normally in this situation, retail shareholders get shafted with large vulture PPs.

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