OTCQX:DMMIF - Post by User
Comment by
merlin991on Nov 25, 2019 10:10pm
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Post# 30391794
RE:RE:RE:Good deal?
RE:RE:RE:Good deal?I see the merger attempt and then using the Vertex debt as all the single plan. The first part was blocked by the court and the second part by the regulators.
Titan has form in using debt to cripple and takeover.
The takeover attempt would have been part 2b. The debt may well have given them another 30m+ shares and the takeover may well have strong legs. However it did not pass and now they are looking at options. Any deal now would require shareholder approval/acceptance and these guys just don't have the shares.
So into the bin they go but they are now struggling to get out before the lid comes clanking down.
Just a bit more patience (but seriously where would we go after a wait of a decade or more). This will pan out well. The Kirkland takeover of Detour is very encouraging for the sector. All these guys need a decent addition to their reserves and Core certainly has a lot of assets to offer.