RE:What happens when we change to the Aus ex.silverT,
You should contact your broker,
Many Canadian shareholders will see there brokerage fees go from C$8.00 - C$10.00 range
per trade regradless of transaction value to US$100.00 - US$125.00 per trade regardless of transaction value if theTitan MInerals hostile takeover offer is successful.
Titan refuses to have a dual listing (ASX/TSXV) for their shares in the unlikely event they are successful. They've been struggling to get to the 50.1% tender in three months.
Obviously most minority Core Gold shareholders do not believe that Titan's shares have the
tangible, and unencumbered assets to support the current $0.18 share price.
See Titan MInerals Half Year Accounts
https://www.investi.com.au/api/announcements/ttm/3449e75e-97b.pdf Titan books A$11,952,365 of "goodwill" in "intangible assets" in relation to the purchase of Andina Resources in 2018. This is out of a total asset value of A$28,468,519.
Recent public documents reveal that their Vista Gold Plant operating permits are in jeopardy
of being nullified, so what value does that asset have ? And Titan has not made any public disclosure regarding the legal status of the Vista Gold Plant permits.
Appears the only solid asset that Titan has is the 9,151,363 shares of Core Gold that Titan obtained in a March 2019 prviate placement, but Titan had to borrow the US$3 million from a key backer of Titan Minerals to pay for those shares. And Titan MInerals had to use the Core Gold shares as collateral for that loan, a loan that has already had it's matuirity date extended to (I believe) December 20, 2019.
Titan currently has approx. 296 million shares ourtstanding ...... so giving them the benefit of the doubt and using "tangible asstes" of roughly (A$28,468,519 - A$11,952,365) A$16,516,154
Total liabilities are stated as A$13,259,851
A$16,516,154 - A$13,259,851 = A$3,256,303
296,566,718 shares issued and outstanding
A$3,256,303 / 296,566,718 = A$0.011 per share
And Titan is currently halted with a artificially propped up share price of A$0.18 .