Core Gold DMMIF

New trading pattern?

[Teetotal]

Still early in the day but looks Morgan Stanley and Haywood are buying now and not anonymous which likely were Titan friendlies. They got their 51% according to their statement so would they not be charging to the real target of 66.7%. Don't make sense but what do I know? Clearly revealing or having lock ups with Titan and being part of the decision process is a conflict.

[rjm316]

According to their statement : Titan is now in receipt of lock-up arrangements for 76.4 million Core shares, or approximately 45.8% of Core’s share capital, in addition to the 9.2 million Core shares (5.5%) which Titan already owns • 51.3% of the issued and outstanding shares and votes in Core (including Titan shares) have accepted or entered into lock-up arrangements. Am i correct in assuming

[merlin991]

I don't believe those 9.2m count for the takeover purpose. Without getting to 66 2/3% they are nowhere and with the very recent conflict of interest statements that they have seemingly declared things look different.  If the other bidder details are revealed very soonthe complexion will look quite quite different and some of the lockups may change.    Our Board may have shot

[rjm316]

I've reached a point where I dont expect anything coming from our board. No trust left with them. I wouldn't doubt we hear from them that the other bidders haven't materialized and Titan is the only one they're going with. I hope I'm wrong. But everytime i hear that they'll never reach the 66 2/3 % in the first merger attempt and now the 50.1% for their buyout, they reach

[merlin991]

The BOD4 is behaving exactly as expected. They have clearly followed the same path all along. Their own sedar and news release reveals what they are doing. Tendering their shares and informing Titan as is written down by them and meanwhile holding back shareholders to wait wait wait.... As DJSTONE has very concisely pointed out our options and actions are very clear.  Legalities are now

[djstone56]

Well said Merlin. It's funny that you mention BreX. I too saw that analogy at first...but quickly realized that this situation is far worse and much more damning than BreX. BreX duped investors by falsifying assays and drilling results...allowing the ensuing hype and hysteria to catapult the share price into the stratosphere. Regulators and the Exchange were fooled by the Company as well

[Goldcross]

This post has been removed in accordance with Community Policy

[rjm316]

Yes indeed. Maybe we shouldn't wait till its too late to stop this rigged deal. The politicians and news people should be alerted now. Maybe with outside pressure the regulators will feel forced to act more aggressively .

[Tad]

rjm316, Just to clarify, The first post I put up this morning is only reference, the December9 Titan news release https://stockhouse.com/companies/bullboard?symbol=v.cgld&postid=30458156 As robnhood points out, today's update from Titan states they have 51.7% . Appears that Titan has picked up some additional shares in the past week.  The known and reported shares locked-up per