Core Gold DMMIF

A share holder realistic look.

[Inv3stor]

There are good news , that has been all discussed, ramping up production, no 'big dilution' getting over the financial crunch.

But here are the tough challenges.

1 - There was some dilution, small around 1.5% (for the warrants).
2 - There is a fee paid (120K) + interest rate, that would eat into any profit coming ahead.
3 - POG is now 10% less than last year, so the company needs around 12% increase to make up for the drop of POG and another 20% on top to break even and then it would need to pay the interest and then on top of it the loan.
4 - POG again is not looking exciting these days I am making money on HGD pretty well on that.

Ok.. so the silver lining.
1 - there is no conspiracy, it is just markets, use it to buy.
2 - Insider buying is great indication, almost always good sign.
3 - POG could bottom anytime from here until End of August or maybe Start of Sep., so be nimble and keep some powder dry.

I still think that if we get a good bounce in POG (as in above 1400$) and the production numbers stablize around 10K ounces per quarter for a couple of quarters, you can easily make 5 to 6x from here , just be patient and don't panic.

best of luck to all.

I am still picking up shares in the .60s but not in a rush .. I see lower prices in the near forecast, which is something that should make buyers happy.