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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

Comment by RONNIE111on May 07, 2019 10:33pm
97 Views
Post# 29722800

RE:AIF

RE:AIFWe always welcome brand new contributors to this forum Angleinv123.  But I for one, and others , will vigourously defend our previous positions when someone attempts to paint a false picture.

You said that "They obviously can't turn the operation around...".  As I have said many times on this forum, the accomplishments of the new management are many.  When Mr. Piggott, and others, "rescued' Dynasty in 2016 it truly was a rescue.  The next step without the rescue was  certainly a liquidation, where the shareholders would have been left with nothing.  

Since then ,under the new name :Core, these are some of the accomplishments:
-Permitted Dynasty Gold Fields and started ore delivery to the Porto Velo Mill.
-Paid   monies oweing to workers, creditors, governments, enough to return to good standing in the community and with the government.  And thereby securing the release from government receivership.
- Did a trenching and preliminary drilling at Linderous discovering a potential high grade deposit.
- Built a new tailings pond.
-Began the refurbishment of the Porto Velo mill to increase efficiencies and to prepare it for an expansion that would triple its' capacity.
- Received permitting for drilling at Copper Duke which was slated to begin but then mysteriously stopped.  

And as an indication of the bright future that Core appears to have ,a large mining company, that Mr. Piggott brought an offer from, was willing to invest one hundred million into Core Gold, of which forty million would go directly to Core , and sixty million into a new mine at Dynasty Gold Fields.  For this the large company would get 20% of Core and 60% of the new mine.  

Compare this to the Titan offer where Core would probably receive as little as $25 million for operational improvements, but give up at a very minimum (and likely much more) 60% of Core ownership.  

As stated in a previous post today, it is expected that new posters will start to arrive , in the count down to the vote.  I actually am surprised that the Core BOD4 haven't had agents posting already under false pretences.  If you look at the Australian forum   Hotcopper which is the equivalent to Stockhouse, Titan totally controls its' forum.  That might also be becasuse Titan doesn't have any retail shareholders.  Now I am not saying that you are from the BOD4 , but it would be very clever of them to have someone posting that looks like a normal shareholder, with lots of typos etc.  Very clever indeed.
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