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Gold/Mining/Energy : Core Gold Inc

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To: natchoices who wrote (2061)	9/9/2019 12:44:23 AM
From: pstad60	Read Replies (1) of 2131

natchoices Thanx for all of the information in your previous number of posts. Good review of the Dynasty Goldfields area. You review should be of some assistance for any potential new investors with their due diligence . I recall there were some comments made at last year's AGM during the operations update segment by then President and CEO Keith Piggott that the open pit operations at Dynasty Goldfields had exposed some porphyry near the bottom of one of the open cuts. So, the potential for discovery of porphyry bodies below the approximately 150 meters of historical drilling already done on the Dynasty Goldfields could be quite significant. Zhaojin MIning wanted to do some confirmation drilling as part of their due diligence on Dynasty Goldfields prior to committing US$100 million into Core Gold for a 20% equity stake at $0.45 per share and 60% share of the Dynasty Goldfields Project. Current CEO Mark Bailey was adamant that no confirmation drilling was going to be allowed and he basically killed Zhaojin's offer of partnership. Not very smart on his part. Actually it was quite a stupid decision for someoine who has been in the mining industry for decades. The BOD4 should have been bending over backwards to assist Zhaojin in any way possible to have them firm up their offer within the 60 day go shop period allowed in the orginal plan of arrangement. Seems the BC Supreme Court saw his actions as improper as well by rejecting the Core / Titan plan of arrangement. Perhaps Zhaojin felt they might even get "lucky" and tap into porphyry as part of their twinning of some historical holes as part of their due diligence, which would verify speculation about a potential porphyry system(s) below the known resources at Dynasty Goldfileds . Who knows, it's easy now to speculate on what might have been six months ago ..... But, in essence, Core Gold could actually be stripping the "overburden" away from a potential porphyry body below the Esperanza and Venado pits and have been getting cash flow from the mineralized areas for their efforts. But again, that's just pure speculation on my part. Based on current gold price and Q2 MD&A production numbers and the Q2 financial statement .... Core Gold could actually be making a small net profit on each ounce of gold produced since mid August and now into September with the increased price of gold.. Remains to be seen .... but it appears that the company's financial stress is no longer as bad as was being portrayed by the BOD4 and CFO leading up to the Fairness Hearing of June 24 & 25..... Hopefully the full board of directors now has some leeway, with not as much urgency required, into accepting just any deal and all proposals that are supposedly being presented can be weighed against each other. Who knows .... we could even get some type of minor bidding war once any offer is made public ... ??? Best of luck natchoices , and thanx again for all the input you've recently provided

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