Core Gold DMMIF

RE:Trading Halt for Titan Minerals

[djstone56]

So...what does the trading halt really mean? If Titan asked for it and it wasn't imposed on them by the ASX, it probably means that it has to do with the financing. Now we know that they were having problems raising the money, at least initially, because the Core Gold Board saw fit to amend the Plan of Arrangement again and waive the requirement for Titan to raise any or all of the A$20 million prior to the deal closing. Common sense dictates there would have been no reason to do that's if the financing wasn't in doubt. Following that logic then, what are/were Titan's options? They could raise what they could at the stated 0.024/share...our Board already agreed to let them raise a lesser amount. Or...they could try to sweeten the pot for their brokers and sophisticated investors and do the financing at less than 0.024...maybe significantly less. If the financing comes through at 0.015 to 0.020, what does that do to Core shareholders and the merged Company? For starters, gone is the significant premium that Gregg Sedun touted in his release. More importantly, dilution post merger would sky rocket and the s/p would collapse in response to the increased float. What's my rationale for this scenario you ask? Just connecting the dots. If the halt involves the financing and it was fully subscribed at 0.024/sh as referred to in the merger announcement, our Board could use that info to try to sway undecided shareholders to vote yes and lock up the yes vote. They'd want as much time with that info as possible, to make their phonecalls and talk to shareholders. The Titan halt announcement however states that the halt may last until Tuesday morning. That seems to contradict the "good news" financing announcement, so by deduction, I'm left thinking that there's bad news in the terms of the financing, (at least for Core shareholders), and releasing that now would work against our Board's efforts to secure enough yes votes for the merger to pass. Pure speculation on my part and if I'm wrong, I'll be the first to admit it. The good news is that we won't have long to wait to find out the truth. Does anyone have any connections in Australia that they could touch base with? Stay tuned...djstone56