RE:RE:Merger ThoughtsTad wrote: Let’s see now … # 17 on the list.
Paul Matysek. 23,800,000 shares of Titan Minerals
What is so interesting about Paul Matysek ? Well for one, he is a very successful entrepreneur in the mining sector. His involvement with numerous investments has turned $100’s of millions into $ Billions for investors over the years. Certainly someone that an investor might want to “hitch their wagon to”. He has ties with some of the most successful mining people in the world. It is, afterall, a relatively small community.
If Paul Matysek wants in on the Core Gold train, I'm sure a PP can be arranged. There is no doubt that the company could use a bit of cash, especially since the previously announced debt facilities aren't being utilized (or if they are, it hasn't been announced, which would just be another example of the company's less than stellar record on disclosure). But on that note, I forgot to touch on the $15 million USD debt facility in my Merger Thoughts post. The debt facility the company has previously announced is seemingly un-used... I'm assuming they signed some kind of binding agreement before they put that into an NR.
So I'm left to sit here and wonder why that isn't the most obvious way forward rather than this deal. I don't want to put my tin foil hat on but it's really hard not to given what has transpired. I mean, if the Merger NR contains the board's full argument for why Core Gold shareholders should do this deal, then they probably need to make a better effort because their first attempted was just sad.
It's like that time Colin Powell told us all that Saddam has WMDs. At first you're like, "OK, he has some credibility and know things we don't, right?". Later, you find out the truth, feel violated and have a 3 hour long hot shower. But hey, on the bright side, if this deal goes through and I get 20 pieces of TTM paper for each Core Gold share, at least I have a lifetime supply toilet paper.