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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 > Valuation
View:
Post by bailey2 on Oct 02, 2019 8:51am

Valuation

Always said that Coregold should be valued closer to Harte Gold (current market cap 145 million) which would in turn adjust Coregold's stock price to appox 75 cents fully diluted.

But we all know what happened along the way. Titanic disaster. Now I wonder how Titan is going to 
sabotage the bidding pocess, along with their cronies on Coregold's board of directors and others whom were tripping over themselves with excitement at the unfair and unreasonable offer the first go around. Judge ruled that their excitement was misplaced, and spanked them all.

Who is going to do a valuation on the bids? An actual company that can do a fair bidding process? And actually a REAL VALUATION? How about Leonard Clough. Seems to have very few shares but alot of ties in his closet. V-neck shirts, he only wears.  Are there any son's or daughters of board members that stand to make commissions? Or perhaps family ties to many shares that were obtained in a nefarious way? How bout Coregold books? Will they be availaible for viewing? Will the financials be perceived to be more dire than reality? Will they be right or wong?

Its the Titan Titanic movie number 2 folks. Let us hope this Titan ship finally sinks to the bottom of the ocean, never to be seen again. Two days left to vote your shares against the fabuious four BOD of Coregold. Long live Keith Piggott and his Piglets. Let us do this the right way this time around, or it's going to be "Here comes the Judge" all over again.   Shareholders MATTER! glta
Comment by Tapps88 on Oct 02, 2019 9:05am
Right now the market values us at about $30m 23c per share and prior to Titan lobbing the takoever as low as 14c per share. ... the market is the best indicator.  We have US$21m of debt so close to CAD$30m of debt. What is that telling you??  So why do you think we should be valued at 75c, the market has told you different.  What you should do is pin your ears back, sell your family ...more  
Comment by Twoscompany on Oct 02, 2019 7:12pm
I have read the key parts of the formal bid document.  Clearly you can see there is no issues for Titan. Both now and in the future.  It seems like a good story to scare people off selling into their offer. Well done Keith. You should start writing novels.  I am pumped to get a 45c bid. I have seen nothing but disappointment and this is the first postive thing to happen to us ...more  
Comment by Tapps88 on Oct 02, 2019 9:23am
Bailey2 you should also do your homework on ASX small to mid cap gold stocks. I buy stocks globally and certainly both the TSX and ASX.  You want 75c... by doing the merger we are 45c day 1. If the Titan price goes to 35c, which it will quickly, you will be 90c per share based on your CGLD shareholding. So you will be quickly way ahead of the 75c mark you think you are worth now. On the ASX ...more  
Comment by Tad on Oct 02, 2019 10:04am
bailey2, Some good questions Bailey2, All as a result of the actions of the 4 directors of Core Gold and their CFO Sam Wong. Is it any wonder why Core Gold shareholders have little to no confidence in the four board members and the CFO, considering we know the answers to most of your questions already. Secret commissions not being disclosed in the plan of arrangement by either Titan or Core ...more  
Comment by Tad on Oct 03, 2019 10:40am
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