Titan's latest corporate "presentation" As we all know ..... Titan still pretty muich zero in tangible assets other than the 9,151,363 Core Gold shares they had to borrow the money for, and still owe to their lenders, because Titan can't afford to pay the loan and had to extend the maturity date to the end of December.
https://www.investi.com.au/api/announcements/ttm/868a23f6-89f.pdf Pretty imprressive price chart on page 6 ..... steadily decreasing share price since December 2017.
Oh, BTW, interesting little tidbit on page 3:
Brent MacFarlane, Proposed Ecuador Manager
Holds a BSc from University of Arizona in Mining Engineering
Former VP Operations for SilverCrest Mines, and previously with New Gold, Mine Finders, Knight Pisold and James Askew Associates
Extensive operational and development experience though South America, Central America and Mexico Hmmm ..... Mine Finnders ..... Just wondering, does anybody else think that Core Gold director and CEO Mark Bailey might have "suggested" that recommendation to Titan Minerals, somewhere, sometime ?
https://www.coregoldinc.com/corporate/management/ "Mr. Mark Bailey has been a director of the Company since September 2003. Mr. Bailey is a mining executive and registered Professional Geologist with more than 40 years of industry experience. Between 1995 and 2012, he was a Director and the President and Chief Executive Officer of TSX-listed Minefinders Corporation Ltd. ("Minefinders"), a precious metals mining company that operated the multi-million ounce Dolores gold and silver mine in Mexico before being acquired by Pan American Silver Corp. for approximately $1.5 billion" Does anyone know if business associate of CEO Mark Bailey and Lead Director Gregg Sedun, Paul Matysek, still owns the 23,800,000 shares of Titan Minerals that he bought sometime between November 2017 and April of 2018 .....
On page 7 :
Core Representation
It is proposed that post transaction, the Titan board will be expanded to seven and include three nominees of Core, ensuring that the company retain Core’s knowledge, skill set and regional expertise Who are the three Core Gold board members that will be nominated for the new directors positions at Titan Minerals ? Any guesses ? ;-)
Obviously Keith Piggott has the most experience and regional expertise in Ecuador, (but doubt he's going to one of the nominees} .... unlike Mark Bailey, who had only visited Ecuador ONCE as a director of Dynasty Metals and MIning / Core Gold in more than a decade on the board of directors prior to being appointed as CEO.
Conflicted ?
Anyone ?
Multiple offers apparently to be considered, at least according to Core Gold's latest news release ... Only a couple weeks left .
https://www.coregoldinc.com/news-releases/2019/core-gold-recommends-shareholders-take-no-immediate-action-in-response-to-unsolicited-takeover-bid-by-titan-minerals/ "Strategic Review
On September 17, 2019, Core Gold provided an update on its strategic review process of alternatives available to the Company,including equity or debt financings, core and non-core asset sales, strategic investments and joint ventures, as well as a potential merger of Core Gold with another company. The Company has requested that parties involved in the process formally express their interest in a transaction by not later than mid-October 2019. The Company remains committed to continuing its strategic review process." GLTA