Core Gold DMMIF

RE:RE:RE:RE:RE:RE:RE:Hmmmmm ... Titan Minerals Halted in Australia

[flashcash]

Spiritflyer wrote: Thanks for the update Tad.

Just speculation, yet if Titan has not acquired the Vertex Debt, and the 3 million they owe in a few short weeks comes due, it may be they are scrambling to stop the rapid decline in their stock price.  Probably, the only reason it has been hanging on to 18cents, is from the need to show Core Gold holders that they can promise the price of the shares they offered.  Feel it may have been manipulated to stay in the area, but of course this is just speculation.

If they do not obtain Core Gold, with the debt they owe, and the Vertex debt in limbo (assuming the TSXV is investigating the transfer of that debt and won't be releasing it) they may be aware the price of their stock is about to crash and may be stalling to contain any damage including Titan being put into recievership.

This is based on some of the information from the link below.  Titan (section 6.4 of the link) shows they have less than a year of cash flow being it declines by a "historical"  -69.2% a year.  Also in section 8.5 it says Titan has diluted it shares by adding 90.2% more shares in just the last year.  In section 6.1 it states Titan does not have the assets to cover their short term debts.  With the 3 million coming due this could create a bankruptcy situation for them, if I am reading all the facts and figures right.  My guess is there is a lot of pressure right now by the "Sophisticated Investors who bought Titan Shares on September 16, 2019, who I am sure were promised many things by Titan.  

May their name be forever washed from the name of Core Gold.  It would bode well for all investors of Core Gold.  May we all be gifted a great offer.

https://simplywall.st/stocks/au/materials/asx-ttm/titan-minerals-shares

Tad wrote: As expected ...a further extension to Titan's trading halt announced just now:

Doubt they will make any announcement prior to Core Gold putting out a news release.

--------------------------------------------------

ASX ANNOUNCEMENT

25 November 2019

Ms Jessica Coupe Adviser,
Listings Compliance (Perth)
Australian Securities Exchange Limited
Level 40, Central Park
152 – 158 St Georges Terrace
PERTH WA 6000

By email:
[e-mail]

EXTENSION TO VOLUNTARY SUSPENSION

Titan Minerals Limited ("Titan" or "the Company") refers to the voluntary suspension granted to the Company on 21 November 2019.

Pursuant to Listing Rule 17.2, the Company requests that trading in the Company's securities continue to be suspended.

The Company makes this request pending the release of an announcement ("Announcement") regarding Titan's takeover bid for Core Gold Inc.

It is expected that the suspensions will last until Wednesday, 27 November 2019, or the Company releasing the Announcement, whichever occurs earlier.

The Company is not aware of any reasons why the voluntary suspension should not be granted.

Yours sincerely,

Zane Lewis
Company Secretary
Titan Minerals Limited


Source : 

https://www.investi.com.au/api/announcements/ttm/ccb75561-257.pdf



GLTA 1


 

This is the most likely outcome, stalling to protect the share price. In the end I just hope we all make money even these darstards ! Those sophisticated investors, just wondering if they are linked to any Core Gold employees !

GLA, Our time for better or worse is coming to an end.