Happy EndingsAs this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.
As this Merger Story winds down, at least Stage One, things like this don't usually end clean, it is time to look at any possible "Happy Endings'.
If the merger doesn't happen:
than Core Gold Shareholders will be very happy indeed, but in a bad things avoided kind of way, rather than a happy ending per se. This has been an angst filled and fearful time for Core shareholders. Hard to see anything happy about that.
I suppose if the result of no merger is that we can get rid of the scum bags: Sedun, Bailey Clough,and Wong, now that they have shown their true colours, that will be a happy ending.
This definitely has damaged Core, and we can only hope it isn't too serious and we can recover.
If the merger does happen:
than I guess Sedun, Bailey, Clough and Wong will be dancing in the streets (actually I suspect they would be hanging kind of low, hiding out maybe). For them it would mean more money, at least in their calculations, than they would have received if Core would have proceeded in a normal, honest way to develop it's potential. And certainly their will be rewards for Titan, but I don't know the 'arrangement' details between Core BOD4 and Titan, so don't know how big their reward is to be. On the other hand this has cast a very strong light on Titan's dealings in Peru, with the Peruvian environmental authority ,DREM, looking hard at them; as well as the ASX. And this merger attempt has brought to light many things that would have remained hidden. Personally I see the possibility of Titan being run out of Peru. I guess that would be a pretty small loss to them: truth be told , their Peruvian operations aren't worth shxt. So either way, Yes or No, this might not be all happy for Titan.
If the merger happens or doesn't happen:
and this could be the biggest happy ending: Looks like the folks around the Tulin Toll Mill will finally see an end to the poisoning of their river by Titan. And hopefully a proper clean up paid for by Titan, which could very much require the seizure of the Vista Mill (Titan doesn't have any money). And if there is any justice in the world, there will be big fines and jail time to any Titan people they can find and catch. These poor folks should have never had to endure what they have at the hands of Titan, from a so called developed country; but stopping the damage, and punishing the perpetrators (hopefully severely) would count as a happy ending.
In this you will notice that I haven't mentioned Reyes. I would think that he has it figured out that either way it will be a happy ending for him. He just has too many shares for it to be otherwise. I don't know what they are trying to pull off with this merger ( can only speculate) , so don't know how much more he hoped to gain with it. But if it doesn't happen , he will just get on board with going back to Plan A: build Core into a prospering company. Scorched earth has no benefit for him, or Sedun for that matter. (Bailey and Clough, or Wong don't matter - they don't own many shares). Perhaps the company that Mr. Piggott brought an offer from could just buy all of Reyes' shares, that might be the best outcome.
Surprise Endings
TSX , and other regulators
It is quite possible that the TSX will take the easy way and wait for the vote before doing anything. Thinking that if it is voted NO than they wont need to do anything and if it is voted Yes than there will be lawsuits challenging the result and then the lawyers and courts can do the work of sorting it out. But if the TSX has any integrity they will realize that it is incumbent on them to make some determinations before the very soon vote. They need to determine, now, if the 'votes' that Core BOD3 are claiming are legit. They also need to quickly look at the no doubt many other infractions that Core BOD3 have committed. In a deal like this, it is normal for the small shareholders to be apathetic, unorganized, and unfunded. The BOD4 counted on Mr. Piggotts ,if not support, than at least neutrality, and would have assumed that they could get away with most everything, regulation wise. So I would think the pressure that Mr. Piggott is placing on the TSX , will make it hard for them to ignore, as complaints by little shareholders are. So there still is lots of time for a surprise there.
ASX
It is also possible that the ASX will show up the TSX. So far they are the only regulator to have done something. Quite quickly after some Core shareholders filed a complaint with the ASX about obvious share price manipulation by Titan, the ASX responded by questioning Titan about it's right to having an ASX listing, among other things. It sure looked like an opening salvo to me. And it is possible the timing was coincidental, and they were already looking into Titan. No matter, and since than a lot of new info has come to light about Titan's misdeeds, false reporting and so on. The ASX is aware of the time sensitive nature of this, with the vote coming up, and it is very much possible that they could suspend Titan in the following two weeks. They would gain huge credibility with many people if they did so.
Not holding my breath on that, but if they did, than the question to the lawyers would be: can a company do an all share merger if it has no listing, hence no shares? And would Core BOD4 keep pushing for the merger if in fact there was ,in reality, no company that is trying to merge with them? I keep thinking that this could still get much more crazier.
Finally I will quote from Titans recent Directors Report, which is an official document: (others have mentioned this)
Item 11. " The Companies (Titan) operations (in Peru) comply with all relevant laws and regulations and have not been subject to any actions by environmental regulators". hmmm
Big smoking gun there (saying nothing about the actual smoking guns, but that is another story), and obviously a false and very significant claim. DREMhas documentation going back to 2012 about all the environmental damages they have committed over the years at Tulin Toll Mill, and the fines that have been levied. The other mill they operated , San Santiago, we don't know about at this time. This should be a very big nail in the coffin that hopefully the ASX is building for Titan. To rid the world of Titan would definitely be a happy ending for all and sundry.