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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

Bullboard Posts
Comment by OriginalFredon Aug 28, 2013 10:22pm
440 Views
Post# 21705189

RE:RE:Cash crunch

RE:RE:Cash crunch
I agree 20% dilution would be a worst case.  I think 10% would be more likely if there is any at all.  The cash crunch should be a short term problem as they ramp up produciton on the high grade ore.  Even with the pathetic market cap of $30M, a 10% dilution would get them around $3M.  That would likely be enough to get them through.

Bullboard Posts