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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 17, 2019 9:24am
134 Views
Post# 30462828

News Release

News ReleaseWell played Mark. Just enough content and facts to meet your legal disclosure requirements...but not detailed enough to get you into trouble. Just a few observations... 1. It's unfortunate that you and the Board arbitrarily decided against some of the smaller offers for portions of the Company. Now that we're making enough money to stay afloat, any one of those deals could have made us profitable enough to fund our own drilling on our other land packages; 2. Fair is fair...you're right that a $7 million break fee is excessive; 3. Even in it's current form, the 0.33/sh and Spinco offer is far better than Titan's offer for all non insider shareholders. Titan's current s/p is 10 times higher than it should be, based on it's assets and liabilities. They have no money and the proposed 900 million shares post takeover will quickly double if they actually intend to develop the properties. Massive rollbacks and excessive financings with their "sophisticated investors" will virtually wipe out any current shareholder equity. 4. It will be interesting to hear the take on this from the other Interested Party's side. Better hope they don't go public. Bargaining in bad faith and allowing Javier and Gregg to take part in a process that they agreed to scuttle doesn't look good for you as CEO. Someone may end up wearing this....djstone
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