OTCQX:DMMIF - Post by User
Comment by
Tapps88on Nov 07, 2019 8:56pm
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Post# 30324847
RE:RE:RE:Good reason for optimism..
RE:RE:RE:Good reason for optimism.. We are still hear my friend. We have simply allowed everyone to cool their Jets while the board review the offers. Despite what others may think I am a CGLD shareholder and have accumulated a decent holding. I want the best result but I guess I know the true history of the Titan team so I want to back them.
I don't think there is "binding" offers presented and as it stands there is EOIs submitted. That is why there hasnt been a clear update and it is taking much longer. The board have let the Chinese drill which is quite remarkable. Drilling one hole, even when twinning, it can do more damage than good. 1 metre off and the results can be poor. I know we have hand picked 3 favoured sites but we have really played with fire here. The reality is if Titan pull the bid we are tanking and going back to 16c and I really don't want that to happen. If our board go with another bid they would want 100% certainty it is water tight because the execution risk is 75% with Chinese offers. So let's see. It will be what it will be.