Core Gold DMMIF

RE:Why I can not sell the Titan shares?

[RONNIE111]

Looks like you are 100% correct Spiritflyer.  No one to buy Titan shares now.  And when folks who tendered their shares to Titan, like the poster immediately following this one, get their Titan shares and try and unload them as quickly as possible, my guess is Titan will settle at 5 cents a share.

I base that on a couple things:

- reading the 4 th quarter results from Titan, they lost another $2.5 m in that 4th qtr.  And according to their projections they have enough cash on hand to last through the first qtr of 2020, and then will be cash free.  So they will need to borrow money again to keep operating in the 2nd qtr.  Which is coming up pretty quickly.

- Titan will have somewhere around 800 m shares out, before they issue more to raise some cash they will need very soon, and thier only asset of value is Core Gold. The market figures Core Gold is worth around $ 50 m on a good day, and that has been true now since ,hmmm, sometime in 2016 if I remember correctly.    So that gives around 6 cents a share for Titan.  But that is before Titan issues  ? m more shares for some badly needed money.  A hundred million new shares at 5 cents only gives them $ 5m.  Chicken feed. And that is if anyone is dumb enough to go in for 5 cents.  Before Core turns into anything worth more than $ 50 m they will need millions more.  Probably at least $ 30 m.  So that would be double the number of shares as at present.  And that's if it is at that 5 cents.  Much more likely it would need to be at 2 or 3 cents to attract any interest.  At three cents and 2 billion shares out that would give a Market Cap of $60 m, which is possible I guess.   

So I think we should do a pool.  Guess the share price that Titan will fall to when all the tendered shares get dumped.  Only whole cent guesses allowed.  I got 3 cents.  Winner takes all.  Prize 100 million shares of Titan.  I think I have enough to cover that in my wallet.