Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals

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.

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Core Gold > Superior offer

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Comment by Tapps88on Oct 04, 2019 10:23pm

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Post# 30199029

RE:RE:Superior offer

If Lundin or Beaty are in the data room then the only way they offer anything is if Keith leaves and steps off the board. There is zero chance they want their names next to him.
Ill take 45c in cash. But I doubt they will offer that.
If they offered a takeover at 45c in cash, that means they are buying the US$21m of Debt. Why would Beaty or Lundin take that on with where they are at in their careers. I think if they did make an offer, it would be to offer to buy one or 2 of the projects and take them out of CGLD altogether leaving us with Keith and Zaruma that is underwater and dealing with the legacy issues associated with our subsidiaries in Ecuador.

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