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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 sannhetstellon Jul 03, 2019 10:50pm
88 Views
Post# 29885457

RE:Court hearing, judgement awaited

RE:Court hearing, judgement awaitedClarity - the deadline for Titan investors - that date meant that after the deadline which was June 21 or thereabouts, investors can from that time, and still now, drop out of the Titan raise if they want to.



Titan/Core lawyers' points were anticipatory - that is to say, seemingly attempts to block off or beg off points that they expected the counsel for Keith Piggott and dissidents to make.  The wordings might have raised most any person's eyebrows - something like medical-product or insurance legalese: lookings for ways out.



Titan/Core relied generally on a remarkable idea:  there was no need for Titan/Core to disclose properly, as everyone could rely instead on Keith PIggott to do if for them.  An odd idea - what if people carried on in life like that?



The elephant in the room was that Titan continuing from Andina, brought let's say about 17,500 tons/year to the Tulin plant for 8 years - so the range of 140,000 tons of material.  Titan consistently denied the existence of that material, admitting only a little on June 13, and leaned in the denial direction heavily in court.



No claim was made that any material was trucked away, so what can be seen from satellite, including the shadows cast, appears consistent: a tailings "pond" heaped high, material bulking up the site, oddly filled-in landscape at the tailings burial site on the plant's northern border, smoothed over with local fill, and slides of tailings into the river.  You can't see the bricks made from the tailings from satellite, but the documents describie those clearly.



Titan claimed in court that there were no more criminal charges, but word on the ground informs that their validities have been extended.  Activity there appears increasing.
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