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Bullboard - Stock Discussion Forum Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.

OTCQX:DMMIF - Post Discussion

Core Gold > Don't be scared. No need to panic
View:
Post by JohnMcIntosh on Jan 15, 2020 1:18pm

Don't be scared. No need to panic

Some posters are clearly trying to scare shareholders to make them tender their shares. 
There is no need to panic.

Titan needs to reach 66 1/3% to be in a position where they can try to force other shareholders to accept the takeover. IF they reach this threshold and Titan wants to acquire the remaining shares, dissenting shareholders will be offered the same deal than supportive shareholders. At this moment, Dissenting Shareholders will have the option to accept the offer or to dissent which means to ask the Court to determine a fair compensation for their shares.

So basically, there is no upside to tender your shares if you don't like the current offer and there is no risk to not tender your shares either since your fall back position will be to get the same deal than tendering shareholders.

Titan might not try to get the remaining shares but in this scenario they will have to deal with a large chunk of minority shareholders which won't be diluted that easily.
Comment by Teetotal on Jan 15, 2020 2:23pm
Absolutely no need for panic. There are a lot of us not selling. After a month their total did not move much. They don't have the cash either. A very good chance that this takeover stalls.
Comment by Ronnie222 on Jan 15, 2020 10:04pm
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Comment by Teetotal on Jan 16, 2020 7:15am
Ditto Ronnie. The shares collected for Titan are all part of the heist. For them getting to the next 2 stages for them is going to be tough. There are many of us who own millions of shares and we're not selling. TSX knows this story well. Many impediments.
Comment by Ronnie222 on Jan 16, 2020 8:07am
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Comment by Twoscompany on Jan 16, 2020 8:58am
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Comment by Ronnie222 on Jan 16, 2020 9:23am
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Comment by Ronnie222 on Jan 16, 2020 9:29am
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Comment by JohnMcIntosh on Jan 16, 2020 10:05am
Twoscompany, since you claim that you are not ill-intentioned and you are not simply trying to scare people.... Could you please explain to me how exactly this dilution will happen? For my point of view, I expect dilution to come yes but all Titan shareholders will be impacted. What you are implying is that the shareholders who are tendering won't be affected and only the dissenting ones will ...more  
Comment by otcmoonbound on Jan 16, 2020 10:54am
but there is unlikely going to be a 2nd step transaction and you will suffer dilution like you have never felt before. Your paper will be worthless. Hey, your nightmare might come true....!  This is just shameful bullsh!t fear-mongering. 
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