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.

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Core Gold > Shareholders

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Comment by Pipes33on Oct 07, 2019 10:19am

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Post# 30203282

RE:RE:RE:RE:RE:RE:Shareholders

Based on the recent financials the company is insolvent. The saving grace for us is Titans offer and the fact they have bought the secured debt!
The secured debt is in default and can be called in by simply going down to the BC court house and calling in their debt. The issue with that is the debt and liabilites in country gets called automatically and becomes due and the creditors line up. The main creditor looks like the Ecuadorean goverment is still owed money. What would happen is every man and dog comes out with their 2c worth staking a piece of the pie.
Then you will really see the predators come in. Us shareholders would get wiped out in one swift move...

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