Core Gold DMMIF

RE:RE:RE:RE:RE:reasons to buy cgld?

[1kgcoffee]

It's a gamble to buy at these prices. Because management appears to many of us to be incompetent and corrupt, and because of the companies poor financial situation. The market is telling us that there is a good chance of bankruptcy. Companies with good assets are often run into the ground by lousy management. Any seasoned investor in this space will tell you to look for good management and a healthy balance sheet, which core simply does not have.

That said, if you're looking to play roullete, core has amazing assets and should in my opinion be trading for a market cap of a few hundred million (under smart management.) If gold prices rise a few hundred dollars and the lousy four resign, and there aren't any issues at the mine, core could easily be trading at 5x the current price. But if the reverse happens we could be bought out by vultures.

I've bought a few more shares recently on the value of the assets. Don't invest money you can't afford to lose.