Post by
1kgcoffee on Jan 31, 2020 4:17pm
Sold out
A few days ago. Core could easily be trading at $1.00. Imagine what profits will be this quarter if they continue to get enough material. But look where out share price is at, and where Titan is headed?
Looks to me like those that get shares will try to do a litte arbitrage and push the price of Titan down below 9 cents Australian. Titan will use probably use core assets to further back up their dilution, and shut out common shareholders while retaining assets for those on the inside. I'm not sure exactly how they could do this, just speculation on my part.
It used to be a strength of Core Gold (then known as Dynasty) under Robert Washer that they avoided dilution and were friendly to common shareholders. Seems to me that during the time of the rescue of Dynasty, which then became Core Gold, some sort of deal must have been made. Keith was in it core, but Washer (I speculate) sold himself out.
The only one on that board now with any balls is Keith Piggot. Again. speculation, opinion, etc. I'm out. Core has excellent assets but poor management with the exception of Keith Piggot. Eric Sprott always used to say, look for excellent management in the gold sector. Poor management will drive a great company into the ground. Core Gold is the poster child for garbage management.
I used to have some faith in Washer, but it seems the end is upon us.
Things could still turn around if the TSX pulls a rabbit out of their hat and puts an end to this BS, but I won't hold my breath. Too big a gamble.
I consider Reyes, Sedun, Bailey, Wong et al to be scum of the earth. I have washed my hands of Core Gold. Best of luck to those still holding. This ship could turn around. The assets are still amazing. But we are dealing with some awful people.
Comment by
flashcash on Feb 01, 2020 1:58am
Petition the president of Ecuador to prevent the heist...that will kill Titan stone cold dead !
Comment by
robnhood on Feb 01, 2020 10:36am
The president of Ecuador is a complete turncoat snake in the grass. I think he will welcome Titan.
Comment by
robnhood on Feb 01, 2020 5:57pm
I am only going by his actions after being elected. He was a wolf in sheep's clothing. As far as what he would think or do about Titan is rambling on my part. If anything my guess would be that he is pro business and probably bribable.
Comment by
flashcash on Feb 01, 2020 9:35pm
Until we ask we won't know ! Might be worth a shot, the little guys out number the bigger guys 10 and 20 to 1.
Comment by
edx on Feb 02, 2020 10:20pm
It would certainly be comical if Titan and BOD4 lied, cheated and stole their way to Core Gold's assets and had them all taken away after the fact. If you're going to write to the government, also write to the environmental groups fighting the government as they're the ones that will really get riled up over Titan's track record.
Comment by
colt45acp on Feb 03, 2020 2:20pm
What will happen to the share holders who will not sell to Titan.
Comment by
flashcash on Feb 03, 2020 3:36pm
you will be absorbed by the serpent...