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Bullboard - Stock Discussion Forum 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 Discussion

Core Gold > more stock
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Post by robnhood on Feb 01, 2018 9:10am

more stock

https://www.stockhouse.com/news/press-releases/2018/02/01/core-gold-closes-shares-for-debt-transaction-to-settle-us-1-500-000-promissory
Comment by Rich12 on Feb 02, 2018 5:43am
Is CGLD management accumulating revenue thru gold sales to pay for the cost to fast track development (ie increasing capacity of the plant and its drilling project) rather than paying it loans as per payment schedule. The creditors would not accept "shares for Payment" unless they feel certain of future growth of the company. This year should tell the tale. Rich
Comment by auburn2 on Feb 02, 2018 3:42pm
US markets are finally correcting. Could accelerate next week. Lots and lots of margin, exuberance, dumb money, excess liquidity, etc. etc. holding up those markets. Going down tends to be much faster than going up. It could get ugly in a hurry. CGLD doesn't have the balance sheet and financial strength to be in a good position right now. It's vulnerable... and IMO not a good place to hide ...more  
Comment by auburn2 on Feb 02, 2018 6:51pm
     Based upon the current Portovelo plant's (formerly known as the Zaruma plant) capacity of 750 tonnes per day, gold production from the Dynasty Goldfield mining unit alone may be able to sustain an annualized rate of approximately 22,000 to 26,000 ounces*.       * Please see "cautionary note regarding production without mineral reserves" at ...more  
Comment by wealth2015 on Feb 02, 2018 10:34pm
it looks that aurburn is replacing sysaphus who I'm sure old timers remenber in DMM/CGLD stockhouse bullboards with daily focus on only negative outlook for company. I allways wonder why sysaphus or auburn keep holding position with such negative view. I'm sure he's not shorter imo due to very low share price/market cap. So auburn why are you here? Boredom or...?