RE:RE:News Release
If any shareholder needs any further proof of the dysfunctional aspects of certain
members of Core Gold's board of directors, and which director was probably most
responsible for sabotaging Zhaojin MIning Company's first offer in March 2019 that was negotiatied by Keith Piggott .... have a look at this
Has anyone ever seen such a imbecilic and moronic "condition" placed in a MI 62 -104
lock-up agreement ???
Absolutely bloody childish behaviour.
Go to SEDAR.COM and look at the large MI 62 -104 file dated December 10, 2019, scroll
all the way to the bottom of the Alcaron Capital agreement signed by Gregg Sedun:
21. CONDITION This Agreement is conditional on Keith Piggott being neither on the board of directors of the Offeror, nor being asked to join the board of directors of the Offeror, at any time during the one-year period from the date hereof.
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Really ?
In my opinion, Gregg Sedun did anything and everything in his power to make sure
that the Zhaojin MIning Company's offer was not brought forward in March 2019.
Why would anyone not draw the same conclusion with the current negotiation process
with Zhaojin Mining Company ?
Gregg Sedun signed a lock up agreement on Decemebr 3, 2019, in spite of the fact
that a vastly superior offer by the other interested party, in all likelihood Zhaojin MIning
Company, was siting before the board of directors on November 25 2019. Likewise for
director Javier Reyes and his signing lock-ups on behalf of Credipresto and InvestBank.
And yet, even in today's news release, Core Gold tells shareholders to take no action on the
Titan MInerals offer.
Gregg Sedun and Javier Reyes, as shareholders, acted on insider information that was not publicly available to the other sharehollders when they signed the MI 62 -104 agreements.
Gregg Seduna and Javier Reyes should not have had any particptaion in any negotiations with Zhaojin MIning Compan after November 29 and December 3.
Gregg Sedun and Javier Reyes should be tendering their resignations to CEO Mark Bailey due to their blatrant disregard for company issued guidance and not acting in the best interests of Core Gold by damaging the negotiation process with Zhaojhin MIning Company. Look at the results of the September offer, and the final ofer of December 12. There are damages incurred, significant damages caused by the actions of these two directors.
We have a Surpeme Court of British Columbia ruling that states the Titan MInerals /
Core Gold plan of arrangement was unfair and unreasonable to Core Gold and the
Core Gold's shareholders.
Core Gold has proven that it is now profitable. We do not need much more than a US$10 - US$15 million cash infusion to upgrade the wet section to the processing plant in Portovelo,
add a few pieces of machinery, and possibly restart underground mining in the upper levels of the Cabo de Hornos Mine as well.
We had other smaller offers for Joint Ventures on Copper Duke and Linderos, why do we need to be diluted into oblivion by a Gregg Sedun and Javier Reyes supported hostlie takeover bid by Titan MInerals ?
How much cash could be raised by simply bringing in one or two Joint Venture Partners in on the Copper Duke and Linderos Projects without any shares being issued, just a percentage of the two projects being bought by JV partners ?
Regulators need to demand to inspect the passports of Javier Reyes and Gregg Sedun to see if one, or both, of these directors travelled to Australia at any time in the lead up to the September 16, 2019 announcement by Titan MInerals that it intended to tender another bid for Core Gold ?
It would be interesting to discover what time frame of any travel to Australia, especially if it occurred in the immediate time frame of the restructuring of the Vertex One promissory notes in August of 2019 and the attempted transfer of those notes to Titan MInerals, that was taken by either of these directors.
Why are Gregg Sedun and Javier Reyes so blatantly favouring Titan MInerals, ?
Were any back room deals made with Titan MIneralas by these two individuals ?
Just wondering out loud, just asking questions.
DO NOT TENDER TO THE TITAN MINERALS OFFER
GLTA