Core Gold DMMIF

Shareholders

[bailey2]

Go into sleep mode for another week or two. Take NO action on the hostile offer from Titan. Just buy all the shares you can at this price. In just over a week there could be more offers (legitimate ones at the table with ACTUAL mining companies. Board has to make the best one  public within 15 days. At least a normal board) Coregold should be valued closer to 70 cents, presently. glta

[Teetotal]

Just buy. These prices are silly. It's an easy triple from here. Price has been controlled for many months now as Titan picks off shares with BOD help. That TSXV unapproval kinked their plans a but they have essentially done a shakedown. Take advantage of the situation and buy. There are good offers on the table already. In 3 weeks we will get the rush. The BOD4 can't quietly scuttle as

[1kgcoffee]

We've been saying for years that it should be valued more and yet the share price keeps going down. We are either at the point of capitulation or bankruptcy. Don't underestimate the ability of the Board to screw shareholders over. It was a few months ago after the court ruling that strange poster showed up on these forums and taunted us saying that because we did not go along with the

[Teetotal]

The biggest risk here is a forced bankruptcy with Titan holding the Vertex debt. The regulators have rescinded their earlier approval concerning this debt. That debt is critical but the rescinding is very good. The bidding process is in full swing. The bidders must be aware of the forced bankruptcy possibility and also in contact with regulators. A forced bankruptcy now would be a major

[RONNIE111]

Teetotal I am for sure not an expert in corporate bankrupcy matters, but as I understand corporate bankrupcy if that were to occur than the company would be placed under court control and the court would appoint a Trustee to look after everything.  Typically a company would only go into bankrupcy if the assets are smaller than the debts , and that certainly does not appear to be the case

[1kgcoffee]

Ronnie, in the event of a forced bankruptcy, couldn't Core make a proposal before the courts to give away assets in liu of payment? For pennies on the dollar. If Titan does not succeed, what's to stop them from trying a third time with another shell company to buy the vertex debt? It gets a little more ridiculous every time. They seem hell bent on pushing this through.

[flashcash]

What’s is shocking is Mr Washers response, he looks like he is hell bent on destroying his investment !

[The_Alchemist]

I’d have to agree with you guys and hope the courts wouldn’t allow that to happen... unless only certain assets of the company are securing the debt, such as the mill or the DGF property.  In that case they might not have a choice but allow it, and chalk it up to negligence, and poor management.  On a a positive note: In my opinion, when you think about how hard Gregg Sedun, Javier

[RONNIE111]

1kgcoffee Again, we should be getting an opinion of a secuities expert, but in lieu of that, in my opinion, if Core was put into an actual bankrupcy, than there would be no BOD, and the court appointed Bankrupcy Trustee would assume total contol of everything.  And his order of buisiness would be to pay off the secured creditors, bond holders ,etc. , and to do that in a way that would

[Pipes33]

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

[merlin991]

The debt is backed by all Core assets. So a debt foreclosure would mean that Titan could have obtained all the assets.  There is precidence for this and it would seem that at least one of the party may have form on this.   That vertex debt is up in the air now since TSXV rescinded their approval for allowing Core to make changes to the contract terms. As such BOD3 and Titan now

[Tapps88]

You need to read the circular Merlin991. The debt is owned and controlled by Titan and it is secured over those assets. All that got rescinded was the reduction in converting the price down from 30c down to 18c. By not allowing that condition means what the TSX have done is keep us in default. Now it is straight debt due. It is clear and in black and white. You should read the circular because you