Core Gold DMMIF

RE:RE:RE:RE:RE:Q3 Results Sad; Q4 Results Encouraging

[pimrie]

Rich12;

I think we all agree that we wish we could get more information, but this is not a DMM Management problem as much as a general public company issue.  I am not sure how many Sedar reports you read, but they are all pretty abstract documents. In today's world most Sedar reports spend all their time repeating basic facts and potential risks not activities. The fact is that with most companies the only information you get is from the pump and dump press releases they issue...usually written with little regard to the facts and by management teams more interested in getting their stock prices up artifically so they can do a PP to keep their ridiculous salaries flowing.

Here is what we learned from this report:

They started pulling high grade resource from the new veins at the beginning of November:
“Subsequent to September 30, 2013 the Company has been mining and delivering to the plant material containing a significantly higher grade which has primarily been mined from the Matalanga and Soroche veins.”

The General Manager in charge of the operations during a questionable period of success is now gone.
“operating expenses for the nine months ended September 30, 2013 decreased by $517,139, primarily attributable to a decrease of $135,788 in management fees resulting from the departure of the Ecuadorian subsidiaries General Manager”

In the absence of the old GM operating cost of the mine has dropped significantly....this can be found in the cash flow statement on the line "expenditures on mine property".

The CEO of our mine is a rare breed, taking personal responsibility for the poor performance by not taking a salary and putting up $1 million of his own money so we (and him) the shareholders don't get dilluted just as they hit the grade.

In my personal opinion I would take a CEO like this over the typical "send out a bulls**t press realease to pump the price so I can get a PP done to keep my salary flowing" CEO.

Required reporting standards for Canadian mining companies is woefully inadquate...lets not beat up on Mr. Washer for complying with these standards while at the same time he is showing his commitment to the Company where it counts, his wallet.