OTCQX:DMMIF - Post by User
Comment by
Malpeque2on Oct 11, 2019 10:11am
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Post# 30221595
RE:Emotion Versus Logic
RE:Emotion Versus Logic RRBC2019. The part of the analysis you are "missing" is that Titan share float on the ASX is like 90% controlled, so the valuation of 17 cents per share and $50M ASX market cap is a myth.
IF it looks like the deal can actually close then Titan stock price will start to fall. Later, they will dilute the piss out of you to raise money to drill the actual CORE prospects in Equador.
My guess is that the next funding round for TITAN is a down round at a discount to the now current price of CORE GOLD shares converted. EVERYONE on the inside of BOTH companies and the public shareholders of BOTH companies already knows this, that is why the arb opportunity is so large, but NOBODY, including the insiders, I-bankers, etc etc, takes advantage of it.
Titan IMO is about worthless, and the next round of financing into TITAN IF the deal goes thru will be done at 10 cents AU or less.