Core Gold DMMIF

RE:RE:RE:RE:Share activity

[Tad]

bailey, djstone56

You're right Bailey...so many assets...so many options. After years of being kept cash strapped, we're finally closing in on a deal (or deals) that could untap our true value and see our assets developed to their true potential. To blue skies ahead... djstone

Very much agree guys


Just a reminder,

..... an excerpt from Core Gold's October 15, 2019 news release ....


https://www.coregoldinc.com/news-releases/2019/core-gold-announces-filing-and-mailing-of-directors-circular-in-response-to-the-unsolicited-takeover-bid-by-titan-minerals/



"The Strategic Review has resulted in several non-binding indications of interest. At the date hereof 17 parties have signed confidentiality agreements with Core in order to conduct due diligence activities. Nine parties have requested or conducted site visits. The Board of Directors considers that the continuation of the Strategic Review process and, in particular, providing sufficient time to interested parties to complete their due diligence activities and for the Board of Directors to evaluate their level of interest, is vital to identifying the transaction that is in Core Gold's best interests."




It should be safe to assume that the review of offers has now begun, as CEO Mark Bailey
stated at the AGM that the bid period was being extended to the end of October to accomodate additional site visit requests from potential suitors.


We should be hearing something in the next week or two, at least some sort of update on
the progress. 


Is Zhaojin MIning still interested in some kind of partnership arrangement with Core Gold ??


Recall the foillowing .....

Former President and CEO Keith Piggott negotiated a tentative deal with Zhaojin Mining Industry that could have seen Zhaojin Mining obtaining a 20% equity stake at $0.45 per
share ... and a 60% share of the Dynasty Goldfields for a total investment in our company
of approximately US$100 million. The equity portion was for approximately C$16 million
cash or roughly 35.5 million shares, and the deal would have seen another US$20 million
cash paid by Zhaojin Miing for an initial payment of their proposed 60% stake in the Dynasty Goldfields Project 


The outstanding shares would have been about 200 million and Core Gold shareholders
would have had a 40% share in all the upside potential of Dynasty Goldfields exploration
and the same share of all revenue generated from a brand new state of the art 2000 tpd
mill that Zhaojin Mining proposed to build on Dynasty Goldfields. Core Gold would have maintained 100% control of the Zaruma Project, the Copper Duke Project and the Linderos Project, plus the assets of the Jerusalem Project if the company is successful in regaining control of Jerusalem in the future. Core Gold shares would continue to trade on the TSXV.


If Zhaojin MIning was interested in our company back in February / March with gold trading
at $1300 / oz, I am farily confident, with gold now hovering around the $1500 / oz level, that Zhaojin Mining may be one of the companies involved in the current bidding process.


Remains to be seen .... all we can do is wait for the company to assess all the possible offers mentioned in the October 15 news release, and see if one or two of those proposals can be negotiated into a binding offer(s) if the suitor(s) are offering deals based on one ore more of Core Gold's individual projects. 


So many possibilities, founder of Dynasty Metals and Mining, Rob Washer,  amassed an amazing stable of assets in this company, time to see this company properly capitalized so
ALL shareholders can all particpate in the highly prospective exploration, and eventual increased production, upside. 


DO NOT TENDER TO THE TITAN MINERALS OFFER


GLTA