Titan BizarreI too find most of what Titan does bizarre, past and present; hopefully there will be no future. Entertaining not so much. But sometimes it is hard not to laugh at the outlandishness of it. And if there were no victims, I guess it could be funny.
But oh are there a lot of victims.
- I think the most important victims are the ones that are most innocent: the children of Tulin, Peru. I do not know the extent of the developmental issues, both mental and physical, that they will face as a result of being poisoned by cyanide, which probably continues at this time. And to do it in the manner that Titan (actually mostly Carr) did it , in gross violation of standard mining practices, with total disregard for so many peoples health, with full knowledge of the consequences.
- The adults of Tulin are also victims, not as innocent, and perhaps they should have made themselves knowledgeable and fought Carr. No doubt Carr never went anywhere near Tulin in person, but vigilante action against his company would have been totally justified.
-I don't know the extent of the environmental damage Titan did as Mundo in Brazil when they first started. I do know that many creditors lost a great deal of money, not getting paid for the services they provided to Mundo. The subsidiary that Mundo held the Brazilian operation in went bankrupt and Mundo just walked away from it all.
I also don't know of any environmental issues at San Santiago, the toll mill that Minera, Titans second name, operated in Peru. Perhaps not much because they never had much luck actually operating the mill. It mostly was just something they could write about, painting glowing pictures of how valuable an asset it was. And again when Minera went in to 'Administration' (bankruptcy anywhere but Aus.) , many creditors got stiffed.
- And then all those pensioners who lost more than a A $ 100 million on Mundo and Minera would have to count as victims. And they were victims of nothing but lies and deceit from Mundo and Minera, but also victims of the ASX and the ASIC who didn't provide the oversight that they are required to do. I think the first batch of pensioners to lose it all with Mundo were victims. The second batch with Minera were perhaps a little ,uh, dumb. And now the third batch with Titan, I think are all those 'sophisticated' investors they talk about, and they are totally aware of what Titan is trying to do, and it is quite ok with them: stealing ,lying etc. So I really hope they lose everything they have put into this ill fated debacle.
- And than there is me. And you, and others of course. Shareholders of Core Gold. It is not possible to quantify, at this time and possibly never, the actual financial damage this will cause. It is a guess what might have been if things would have proceeded as they were before Titan ,and Core had a BOD that was honest. . And now we await results. But the worry, anguish, anger, etc. that we all have felt has a price. ( And sure it was fun writing about the horridness of some of the people involved, and gave me a purpose on days that may have lacked a purpose)
And yes we are actually more victims of our own BOD4, plus cfo, than we are of Titan. The world is full of 'Titans' and it was the responsibility of our BOD to protect us from them and all the others. If they had done what they are so clearly suppose to do, Titan would never have been heard of by any of us.
-Finally there is the whole world, all society. The world seems to be so full of bad people: dishonest , corrupt, selfish, lying 'dumb bxstards' (to use 'Canucknuckles' term) . We are all the victims of these people. Politicians, business people, community leaders, who, when they go bad, cause the 'world' to be diminished.
Ok , new topic.
Thankyou 'Tad" for your detailing of how Titan ,as Minera, lied about Dr. Cardozo being their CEO.
So here is my example of how Titan's lie factory operates.
From May 2018 Presentation by Titan Minerals
Asset Portfolio
Titan Minerals hold a suite of assets across the mining spectrum ensuring full integration across the value chain
Check out Page 5 of the May 2018 Titan Presentation. Sorry it doesn't copy and paste properly.
Also from there:
Strategically located gold and copper mineral processing plants : Combined processing capacity is 415,000TPA o
-The Vista gold processing plant in Southern Peru (4Q 2018 Commissioning) and; -The Mirador gold processing plant in Northern Peru - Operating and expansion underway
- San Santiago copper plant
So some poor smuck , who didn't realize that everything Titan says is a lie, would quite reasonably think that Titan owned the Mirador Gold processing plant.
But as you can guess, they never did own it. Later in the Presentation , in the fine print, they admitted they were in the midst of acquiring it from Kairos Capital Peru. Kairos seemed to exist in 2016, but after that seemed to disappear. But in Feb 2017 a Montan Mining Corp ,TSXV,said they signed a term sheet to purchase Kairos. But I could find no evidence that the purchase took place. Montan recently changed it's name to Fidelity Minerals ,TSXV, and their Investor Contact is Luis F Zapata. They look very much to be a Titan type company. And like Titan claim an impressive list of properties, but has a market cap of only C $1.1 m, so maybe on the TSXV it isn't as simple to manipulate share price as the ASX.
I guess none of this is important. We have known with out any doubt , for a long time, since about a day after they made their merger bid for Core, that Titan has nothing of value, is a serial liar, is owned and operated by criminals, and that the world would be a much better place without it or it's principals. And we can only hope there is some day soon a reckoning. I don't believe in things like 'judgement day', so it gives me no succor to think they will all one day burn in hell. I'm hoping their just deserts come much sooner.