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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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(18)
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Comment by edxon Jul 20, 2015 12:37pm
94 Views
Post# 23940987

RE:RE:RE:RE:RE:Good Money After Bad

RE:RE:RE:RE:RE:Good Money After Bad
rjm316 wrote: The biggest drag on Dmm isn't the gold price but it's Sprott ! They continue to sell and who knows when or if they will stop. I'm guess they have sold about 2 million shares so far. They hold close to 6 million. So if they are going to liquidate their  entire position we will not be geting any surge for awhile. Unless someone big comes in and takes them out. 


If there is a run on the price (eg after some good quarterly results), there's no reason why Sprott would keep the price suppressed. They would be selling all the way up, but they're not going to cap the price just because they have a large position they want to vacate.
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