OTCQX:DMMIF - Post by User
Post by
1kgcoffeeon Jan 31, 2020 4:17pm
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Post# 30627497
Sold out
Sold outA few days ago. Core could easily be trading at $1.00. Imagine what profits will be this quarter if they continue to get enough material. But look where out share price is at, and where Titan is headed?
Looks to me like those that get shares will try to do a litte arbitrage and push the price of Titan down below 9 cents Australian. Titan will use probably use core assets to further back up their dilution, and shut out common shareholders while retaining assets for those on the inside. I'm not sure exactly how they could do this, just speculation on my part.
It used to be a strength of Core Gold (then known as Dynasty) under Robert Washer that they avoided dilution and were friendly to common shareholders. Seems to me that during the time of the rescue of Dynasty, which then became Core Gold, some sort of deal must have been made. Keith was in it core, but Washer (I speculate) sold himself out.
The only one on that board now with any balls is Keith Piggot. Again. speculation, opinion, etc. I'm out. Core has excellent assets but poor management with the exception of Keith Piggot. Eric Sprott always used to say, look for excellent management in the gold sector. Poor management will drive a great company into the ground. Core Gold is the poster child for garbage management.
I used to have some faith in Washer, but it seems the end is upon us.
Things could still turn around if the TSX pulls a rabbit out of their hat and puts an end to this BS, but I won't hold my breath. Too big a gamble.
I consider Reyes, Sedun, Bailey, Wong et al to be scum of the earth. I have washed my hands of Core Gold. Best of luck to those still holding. This ship could turn around. The assets are still amazing. But we are dealing with some awful people.