OTCQX:DMMIF - Post by User
Post by
RONNIE111on Jul 23, 2018 10:19am
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Post# 28352425
Partner
PartnerBailey2 , you probably know that when Kinross bought Fruta from Aurelian, the deposit had been pretty well defined and Aurelian's share price was about 75% of the final deal already. Very, very different than where Core is right now.
I think Core is doing it right: do as much drilling as they can on their own , before entertaining any offers. There is no reason to believe anyone would want to come in now for more than 30 cents. And we are all hoping Core doesn't need more dilution at that price. Even if they could find someone to offer a premium , it wouldn't be anywhere close to what many want, and it could create serious problems if they combined with enough of those shares purchased in the PP to get control. As well it would complicate things if we get some spectacular drill results, enough to interest a major. Could be much less interesting to a major if Core had a partner that needed to be dealt with.
I think many are frustrated with the present pace of development, but it does look like slow and steady is the right way forward. And with some luck , the pace could pick up soon.