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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
Post by OriginalFredon Nov 14, 2013 10:26pm
228 Views
Post# 21908206

My predicitons for Q3 and Q4

My predicitons for Q3 and Q4My prediction for Q3 was over optimistic, but the company is beating my prediciton for Q4.  In both cases I was closer than most.

I expected 6,000 to 6,500 ounces in Q3, and we got 4,245 ounces.  This was terrible.

I expected 7,000 to 8,000 ounces in Q4, and we are on track for 9,000 ounces.  This is pretty good.

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OriginalFred
October 30, 2013 - 09:21 AM
Post# 21861059
Q3 results will be disappointing to many
There is a lot of optimisism here about production, grades, cost, and earnings.  The stock price is also showing some optimism.  This leads me to the conclusion that many people are going to be disappointed by the Q3 results.
Q3 is going to be another quarter of barely scraping by.  I expect 6,000 to 6,500 ounces.  With the low price of gold, that should yield barely enough revenue to cover costs.  I expect the company has survived the cash crunch, but I do not think Q3 will be profitable.
Things move very slowly with this company, and impatient investors have punished the stock price.  The patient investors should eventually be rewarded, but the rewards will not come in the next quarter or two.  I am thinkinking it will be more like 2-4 years before we see the stock price back over $4.
Q4 should be slightly better than Q3, but I do not expect anything amazing.  I am hoping for 7,000 to 8,000 ounces in Q4 and maybe even a slight profit.
Bullboard Posts