Core Gold DMMIF

Question for EDX

[1kgcoffee]

Thanks for the rundown. Wish I could have been there myself. 

You say that Mark Bailey sounded sincere in acting properly this go around. Was there anything in him apologetic or basically calling out Titan for the garbage deal their offering, or acknowledgement of past liabilities in Peru? Or the track record of their board in destroying shareholder value?

I would love to trust him. But after they threw Piggot under the bus. Fool me once...

How do we not know he is just acting impartial? OK maybe regulators slapped him in the Peepee but he has shown his colours.

[Kenny2Dogs]

My bet is Mark was sincere. His shareholding is small. I think he has always acted in the best interest of the company. But don't be surprised if he still thinks Titan is the best fit. There is no need for him to declare his hand. He could well be part of the so called the "silent majority". A bit like when Trump rocketed into Presidency.

[edx]

Titan was not discussed outside of the questions about the Core Gold debt they hold and their part of the current strategic alternatives process. The AGM and discussion was focused on moving forward and no shareholders (to my knowledge anyways) at the AGM brought it up with management or the board members. How do I know Mark isn't acting? I don't. But body language is more important than

[Tapps88]

This is incorrect. I am allowed to sell into Titans offer. I do not require the approval of the TSX nor do I have to go before a judge in order to accept and take the Titan shares in exchange for my CGLD shares. A takeover offer is simply put to us shareholders with the simple condition of getting to 50.1%.

[djstone56]

You're absolutely right about that Tapps88...no TSX.V approval and no Judge's rulings required. Just tender your shares into Titan's offer and assuming they can scam 50.1% of the shares, you'll get your wish. Now...just so I understand this...a Company that will end up with 700 million shares after the takeover, plus another let's say 300 million to raise the money necessary to

[Pipes33]

But you want to give the company to the Chinese... you think you are coming out a winner??  You have gone from 40m shares when Keith stepped in and now you have 166m shares on issue and you have not drilled ONE hole! Yes there is some drilling for the mine development to survive...but no new proper drilling that can be released to the market. No systematic exploration work done EVER! So you

[djstone56]

I don't think I mentioned the Chinese...but I know that I never said anything about giving the Company away. It's funny that you used $20 million in your example...that's what Titan committed to but couldn't lock in for the merger attempt in March. Even so, I'd take an additional 115 million CGLD shares, (approx 280 million in total) to the approximately 840 TTM shares, (300

[Pipes33]

It is absolutely evident you dont know what you are saying. I say "you' because you are running a couple of different accounts. You want to dilute the equity base but also give away up to 60% of the project. Who the hell does that??  To this date, they have not raised more than US$3m in the last 2 years and guess who put that US$3m in?? Yes Titan.  Again, stop telling lies, and

[justaday]

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[Rogeram]

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[Malpeque2]

"Fairness Hearing".      I stated this before when the Titan offer was made.        They are going DIRECTLY to shareholders.     There does not have to be a BOD4 recommendation. There does not have to be a "fariness opinion" by ouside legal or financial advisors to Core BOD or shareholders.    THere only has to be 50.1% to

[Rogeram]

This post has been removed in accordance with Community Policy

[Malpeque2]

I am certainly not an "expert" on Admin vs. Bankruptcy in Aussieland.    BUT,  it seems like Minera shareholders were not completely "wiped out" like most Bankruptcy cases in the US./Canada. Seems like the MO is THis thing sits in Administration for years,  and then insiders to CORE GOLD and their "frineds and familY' can go around in Aussie and

[Tad]

Rogeram, I believe it was Sprott Asset Management that held a significant position at one time ....don't think it was Cannacord ... but if you were around a few years ago, you will recall Sprott were continuously selling for months on end, prior to the employee strike that occurred on April 1, 2016. And if I recall correctly, director Leonard Clough also sold whatever pittance of a position

[wealth2015]

Sprott bought if I can remember 1 million shares @ approx. $7, at that time Washer didn't want to dilute DMM, he had many calls from brokerage houses to sell shares via pp. He kept DMM shares # at about 40 million for long time, and that was very likely reason why DMM run inot cash/debt problems at later date 

[Tad]

wealth2015  I scrolled back through the old news releases : https://www.coregoldinc.com/news-releases/2006/dynasty-metals-mining-inc-announces-10-000-000-bought-deal-financing/ https://www.coregoldinc.com/news-releases/2006/dynasty-completes-8-500-000-equity-financing/ https://www.coregoldinc.com/news-releases/2007/dynasty-closes-6-000-000-private-placement-to-sprott-asset-management/

[Pipes33]

I was hoping for a recent research report... your digging deep going back to 2007 and 2008. Since then we have 4 x the amount of shares on issue, CAD$30m of debt and Zaruma is underwater. Surely someone has somethind done in the last 12 months?

[Tapps88]

Forget about it Pipes33! They dont have any reports.  They are living off Washers glory days. Since then they have had Keith rip the heart out.  Now on life support.... FROM TITAN!