OTCQX:DMMIF - Post by User
Comment by
merlin991on Sep 28, 2019 2:03pm
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Post# 30173869
RE:RE:Why can't Core ramp up production at Dynasty Goldfield?
RE:RE:Why can't Core ramp up production at Dynasty Goldfield?Well BOD4/CFO starved Core from any cash. There was a $15m loan that was being setup back in the fall of last year and suitors who were wanting a slice of Core were shunned. We all know the story. BOD4/CFO were plotting to steal the whole shabang down to Australia.
Point is their plot was destroyed in a memorable fashion. This AGM was due back in July and the BOD4 stalled for another 3 months while attempting to lock up as many shares as they could. The Vertex Titan shuffle which would have given an even larger slice and additionally a debt that they likely would have called so to put Core in default and attempt to take all of Core has now also been foiled.
Until TSXV approves that debt the debt and associated shares are in limbo.
There is likely a lot of gnashing of teeth by Titan and BOD4/CFO. Foiled again just like in Wacky Races if any of you remember that show from the 70's? Likely dental bills will weigh them down too.
Meanwhile the data room is busy and tires are being kicked while they get ready for the offer deadline.