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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

Post by djstone56on Dec 13, 2019 3:52pm
197 Views
Post# 30453421

Investorshub Post

Investorshub PostJust stumbled across a few CGLD posts on another forum...investors hub.advfn.com written by Joda007. The posts refer to a signed offer from the Chinese being on the table since Nov 25/26, and included a cash offer of 0.33/sh for Dynasty Goldfields only, with the other two main properties being spun off, along with a $10 million financing component. If the information in the post is accurate, why hasn't Mark Bailey announced it to the market/shareholders instead of just saying that negotiations were at an advanced stage? More to the point, how could Javier Reyes and Gregg Sedun tender the shares under their control to the Titan Minerals takeover offer on Nov 29th and Dec 3rd respectively, when they had another legitimate offer waiting to be dealt with? And if true, isn't it a coincidence that Titan "upped" their original offer just after this new offer suddenly appeared? Hmmm... As I said at the outset, I don't know whether or not there's any truth to this other post or where he/she could have gotten the info. If it is true however, I would think that Mark Bailey has some explaining to do. As always, do your own due diligence...djstone
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