Post by
RONNIE111 on Jan 03, 2020 10:19am
Directors Circular
The Directors Circular is available on Sedar. Please read for yourself.
The thing I found interesting was the 'Fairness Opinion' by Fort Capital. Total garbage. They state at the start that they just accepted everything that Titan says in it's Presentations, Financials, and from talking to them.
They said that the Vista Mill might cost $3.5 m (they never made clear if that was US, A, or C) ,but gave it a value of $29m without explaining why. They said they did a careful analysis of the potential for profit from the mill without giving any of the results of that analysis. Total BULLSHXT.
And they said that Titan had an "Intangible Benifit" of a strong leadership team. I guess that was because Titan was able to posion and entire town and seemingly get away with it. Not so easy to do that anymore.
It very much looks like the Core Bod4 is still pushing very hard for Titan, by continuing to put out such dishonest garbage.