Post by
bailey2 on Sep 25, 2019 9:21am
Valuation
it surely appears that a lid is being kept on the present shareprice. Not surprising since the valuaton of Coregold should be closer to 1 dollar presently, than 24 cents. With 3 million spent on the processing mill 50,000 oz run rate can be achieved and with the price of gold over 1500 the math dictates that Coregold will be producing a large amount of cash. Management stated that they are taking offers of financing, mergers, etc until the mddle of Oct. Here's hoping that someone with deep pockets comes in and takes say 100 million shares at 40 or 45 cents for a 30 per cent or so ownership in the company and allows Coregold to participate in the upside potential of their fabulous properties, such as Zhaojin had previously offered. Presently, the share price should be at or higher than the market cap of Harte Gold which is around 160 million. Around or close to a dollar, it should be, giddy up!
Comment by
joda007 on Sep 25, 2019 9:26am
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