Tad wrote: RONNIE111,
Excellent summation of the facts, all verifiable from Titan Minerals own financial statements on their website and on the ASX website.
I've gone back and found some more facts posted months earlier about Titan's glorious leadership and the lies and misleading statements they have made to their own shareholders.
Seems our new "friends" on this forum who, bless their altruistic little souls, are attempting to save us from ouselves, appear to be a little less than inept and completely lacking when it comes to stating their facts, and providing any documentation for their unfounded allegations.
1. Keith Piggott's advisory team have not abandoned him, they are workng hard at getting the best deal(s) brought to the table for the entire board to consider, by the middle of October, and according to Core Gold's latest news release there are a number of them.
2. Keith Piggott is not under investigation for theft in Ecuador.
3. Lets take a look at another one of the new ID's so called "facts" and break it down into the truth:
https://stockhouse.com/companies/bullboard?symbol=v.cgld&postid=30165563 We are lucky joda007 that Titan has taken hold of the debt. They have been like a big brother to us helping us through the tough times. They injected the US$3m of cash when we were on our knees. They bought the US$2.5m plus interest of debt when Vertex were on the verge of calling it in and putting us into admin. While a minority on this platform dismiss this as a form of negativity. You must call it for what it is. It is super positive for us. Reflected immediately on the announced bid the stock rose 50%! It isn't opportunistic when they in fact paid 44c per share and we have languished as low as 14c and before this bid was announced 16c. They are driving value and leading the way. If it was opportunistic they would call the debt in. They own it and it is secured. It is listed in their announcements. From what I hear the regulators think Piggott and his crew are certified crazy and lack any commercial smarts. What they will do is make the TSX happy this company is no longer on the boards of the TSX with their constant harassment and false accusations. I am looking forward to the bid coming. We need it.
Question, if the TSXV has not approved of the restructuring of the Vertex promissory notes, and there was no ability prior to that restructuring which would allow Vertex to transfer their promissory notes to another party, was any transfer of the promissory notes even permissible ?
I understand that the TSXV is looking into this matter at the moment. Can the TSXV step in and overturn the transfer from Vertex to any other party that occurred prior to TSXV approval, if the TSXV ever does approve of the restructuring ?
As for the US $3 million cash Titan "injected" into Core Gold ...... shareholders will recall that Zhaojin MIning Industry had committed to offer C$4 million to Core Gold with 8,888,888 shares issued at C$0.45 in early March as an initial stake of their proposed US$100 million investment as a partner in our company.
Problem is, legal counsel for Core Gold, Quentin Markin, inserted a clause in the Subscription Form that required Zhaojin Mining Industry to vote in favour of the Titan Minerals / Core Gold plan of arrangement. This objectionable action was done with the full knowledge of the BOD4 and CFO Sam Wong. (All in the public record in affidavits submitted to the BC Supreme Court for the Fairness Hearing.)
Why would Zhaojin ever commit to voting for Titan Minerals, when Zhaojin was coming in with their own offer of partnership ? The US $100 million for a 20% equity stake in Core Gold and a 60% share of Dynasty Goldfields would infer that Zhaojin was valuing our company well in excess of the current market valuation.
Will Zhaojin step back into the fray once more, even after being insulted by the 4 board members and CFO Sam Wong ?
Also recall that directors Mark Bailey, Gregg Sedun, as well as CFO Sam Wong and legal counsel Quentin Markin, made it quite clear in their infamous board meeting of March 9, 2019 and in numerous emails to shareholders, that they were completely opposed to allowing Zhaojin Mining Industry to do any confirmation drilling on Dynasty Goldfields as part of Zhaojin's due diligence process prior to committing up to US$100 million. (Again all provided in affidavits submitted to the BC Supreme Court.)
These 4 directors and the CFO should have been bending over backwards to assist Zhaojin to complete their due diligence during the 60 day go shop period, not chasing this multi-billion dollar market cap company away with their proposed US100 million offer of partnership with our company.
Another thing to consider is that Titan had to scramble to borrow the money to pay for the US$3 million when they got wind of the Zhaojin offer . ..... So who were the Titan lenders? And Titan even had to use those Core Gold shares received in the placement as collateral for the loan. Would that be because every one of Titan's other supposed “assets” was basically worthless, or had potential $10's of millions of environmental liabilities associated with those "assets"?
The only reason Titan came up with the US$3 million was to counteract the far superior offer that Keith Piggott had negotiated with Zhaojin Mining Industry and to replace the C$4 million that Zhaojin was offering in good faith.
And Titan obviously doesn't have the money at present, because they managed to get the 6 month loan maturity date extended for another 3 months to the end of December, (stated in one of Titan's most recent news releases)
These new ID’s on our forum are playing fast and loose with the truth, just as Titan Mineral's “brilliant leader” Matt Carr has repeatedly done with the shareholders of Titan Minerals over the years :
https://www.siliconinvestor.com/readmsg.aspx?msgid=32158202 https://www.siliconinvestor.com/readmsg.aspx?msgid=32158207 https://www.siliconinvestor.com/readmsg.aspx?msgid=32158209 Ask yourselves one question. With all the spurious accusations and false claims these new ID’s are throwing around on this once civil forum, have they provided anyone with even one source reference, any documentation, or one weblink to back up any of their ascertains?
One thing that none of these new forum IDs who have recently infested this forum with all their defamatory statements and false accusations against Keith Piggott will ever do, is to identify themselves, who they actually are.
I have already come forward publicly. Everyone knows who I am, including the board and management of Core Gold. They may not like me or my research, but I have been able to substantiate every piece of research and statement I have made from publicly available sources and provided the source of the information.
Who do you want to believe … completely anonymous IDs, or someone who has had the guts to come forward to stand up to a bunch of bullies on the Core Gold board of directors and their CFO, who had no interest in allowing superior offers to come forward as far back as the summer and fall of 2018, and tried ramming the Titan Minerals offer down our throats, and assisting Gregg Sedun’s and Mark Bailey’s business associate Paul Matysek and Mr. Matysek’s Australian friends in their attempted theft of the assets of Core Gold from the long term shareholders.
https://www.siliconinvestor.com/readmsg.aspx?msgid=32094943 https://www.siliconinvestor.com/readmsg.aspx?msgid=32094946 https://www.siliconinvestor.com/readmsg.aspx?msgid=32094950 https://www.siliconinvestor.com/readmsg.aspx?msgid=32104483 Do your due diligence, know the risks, and assess the upside potential of Core Gold shares if a company like Zhaojin MIning returns, or another significant miner(s) steps into the bidding.
Gold is now $225 per ounce higher than when Zhaojin negotiated their original offer ... their original offer should be at least an indication of what any potential legitimate suitor should bring to the table in the next couple of weeks.
The current $0.22 share price is the responsibility of the 4 board members and CFO Sam Wong as a direct result of their rejecting Zhaojin MIning's offer in the first place.
Vote your shares for or against the directors positions accordingly. I withheld for the other 4 BOD and voted in favour of Keith Piggott.
Also voted against limiting the board of directors to only 5 seats.
As far as I'm concerned, the options plan should be voted against as well. None of the people responsible for trying to ram the Titan deal down shareholders's throats should be awarded any options .... except in the case of Keith Piggott, who should have his 3 million options restored to him immediately.
GLTA