RE:RE:Why I can not sell the Titan shares? Hey Ronnie111. I would think much of your analysis is correct. Would differ on you and if you run a pool, to see where Titans shares are headed, I want the square for 5cents, you know the one that reads, at this point Marsland and our BOD will part out and sell Core Gold, take huge profits from the sale as a finders fee, load up on all the gold they can skim in the meantime, and then let Titan go bankrupt. Falling to the ocean bottom for the anals of eternity.
Speaking of anals, if you are correct and titans shares fall to 3cents, it will then be cheaper, much cheaper to buy titan shares for your bathroom needs, than to buy toilette paper. Its almost there already so its good to know titan shareholders can get some use from the confetti.
Does it surprise anyone that titan issues shares that are not tradable, lol. They know if the new shares can be traded we may hit the 3 - 5 cent mark pretty quick as everyone grabs any semblence of a lifejacket before the boat goes down.
As with all things, lots happens that is not seen. Usaully the tip of the iceberg is seen and it looks small, but underneath is danger that is unseen to the eye. Take for example the latest analytical synopsis of titan by Simply Wallstreet (see link below), in which titan is actually rated lower, with more red flags, than before they acquired Core Gold.
https://simplywall.st/stocks/au/materials/asx-ttm/titan-minerals-shares
So to summarize, I get the square in the pool that says titan goes bankrupt at 5cents, anyone who tendered may wish to sell quick, if it is even possible, and if you cant sell, dont worry as there are always second uses for useless peices of paper (titan shares) in the bathroom.
May you all create a fantastic day.
RONNIE111 wrote: 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.