Core Gold DMMIF

comments and R W releases news today .............

[upmarkets]

the recent posts are  intelligent and on the ball and pick up on varied thoughts

I drafted this on Sat am and sat on it ( to see Sunday postings)
(add -  Humm Great minds  --sounds very similar to R W clarification Monday morning )

Sat :   I also comment/suggest:

Z mill was already mentioned as being able to handle over  twice the tonnage
of  Z  mine output

Are we  confusing the 5 mil to complete Z with say  a 5 mil to expand Z ( mill)
or expand the Z mine  itself

( appreciate others comments from show  but I only heard them speak of $5 mil to complete mill
Didn't hear comments of further  expansion ( of the mill) or acceleration of areas
Others can comment

So extra cash now would be to

-- get more ore through  the plant sooner

by   -  adding more U/G equipment
-  opening another vein at  Z
-  bringing ore  over from  J  before  mill is built there
( and developing  J  U/G  faster )
-  developing  a vein to mine at Dynasty field sooner

OR   Certainly  options  of
-  faster exploration/development drilling at   Dynasty field  and other  areas
-  rapid building of  J  mill
-  buy other jr's  or  properties before land prices climb too much (& outside  Ecuador? )

pp was a bought/firm  deal  so stock is in broker inventories ( or already sold to  funds? )
So either they hold for a big move  and want/expect at least   20-25% move  to distribute to clients etc
A bit surprised a  fund or two didn't take the pp directly  although many funds in cash redemption phase.
Although a public  stock issue may increase liquidity and trading volume

Certainly  R W must expect a reasonable final rules and mine agreement with gov't and expects
a permit  for  J .  At least  the royalty would be in the 5 to 7% range per law
Logical,   but I am surprised a pp  before above is finalized.
Brokerages  must be confident  and likely expect gold to be higher by 2010

Dilution is modest  and  is ok if more production comes on sooner ( or land buys)
yet PP seems at a  little low price and early. Yet brokers want their deal  too
Negative side - maybe stock stays in 4 to 5 range for some time?

While I love the stock  I still get antsy  that clarity from  company ,as from most  juniors
remains sketchy and to minimum standards at times.   I hear from other investors  that most  jr  mines
are very poor at ( truly ) communicating  with shareholders.
Of course  buying a company  or  land needs to be  quiet  but  expansion can be clarified.
(  update - R W  comes thru on  Monday ! )

Did I comment  a while ago  that :
Just watch . we will get a brokerage  recommendation when the stock is say 5.50  to  7.00

Skarica was on bnntv  and pointed  out  gold /oil and gold/nat gas  ratios suggest it is nearly time to
move into oil  and  nat gas ( and grains)
(  Doesn't  comment/allow for  a strong move in gold in 2010 on inflation though)
(  ie  yet  Gold may swing around 900 for a fair while or dip )

( diversify? --) Hummm, I just noticed  EDV filed for a huge pp (very dilutive) at  1.77/ un   for  gold investments
(ie   F  Guistra  and  F  Holmes  ).   Am watching for a bit more  weakness.

Regards & Good Investing
U