Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals

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.

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Core Gold > Breaking: Chairman sells his stake

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Comment by auburn2on Feb 06, 2018 12:17pm

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RE:RE:Breaking: Chairman sells his stake

bailey2 wrote: Interesting. Wonder who wanted them? Would have been a share cross. Coregold is in good hands. Patience.

If an individual, not too worrisome, but I'd suspect Gregg was able to have a resources fund take them off his hands. 3 million shares is meaningful to an individual, but nothing to a fund with $100 million or more under management. In that case the fund can take the risk for a miniscule percent of the portfolio and both gents are happy. Gregg is happy to have his cash, and the fund manager is happy to be of service to an old friend.

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