Just slightly different than his presentation on Sunday during the Ecuador Day conference.
Sorry about the unsteady hands while holding the tablet
I spoke wiith Core Gold reps Sam Wong and Matt Roma on the Monday. Had a very frank discussion, relaying alot of the concerrns I have heard privately from many of you.
Not one shareholder I have heard from is in favour of this deal. the two biggest reasons being the massive dilution and a close second was the delisting from the Canadian exchange. I received no satisfactory answer from any Core Gold rep when asking why the company will be delisted, which is alienating most all the current shareholders.
Perhaps there is a reason .... could the CEO of the proposed newly merged company, Laurence Marsland, not be able to lead a company listed in Canada ? Just wondering if this might have anything to do with no listing in Canada post merger ....
The final conclusion of the appeal process found in favour of Dundee Precious Metals, and Dundee was entitled to the costs of the motion of $25,000 and the costs of the appeal set at $17,000.
Could not find what the eventual outcome of Dundee's suit against Mr. Marsland was. But it seems he wanted to avoid the Canadian court system.
As I have said previously, no deal would be better than this garbage confetti being offered. Titan states they are are committed to raising A$20 million on the back end of the merger proposal. Yes everyone agrees this company is in need of a substantial cash infusion to clear up all the legacy debts, but not at the costs of dilution proposed by the Titan merger/hostile takeover.
If this merger gets to a vote, there may be enough shareholder opposition to reject it anyways ... at which point, the investors willing to put the A$20 million into the Titan deal would be more than welcome to put their money directly into Core Gold ... far less dilution for Core Gold shareholders, and we wouldn't be delisted.
But that's if this merger proposal even gets to a vote.
Let's see how Core Gold management does with obtaining a superior offer(s) during the "60 day Go Shop period" .... 48 days to go .....
by Tad thank you good info GLTA
It’s “Buy Time” For Gold Mining Stocks – Fund Manager Kitco NEWS Published on Mar 6, 2019
According to the “mining clock,” a concept used to measure commodity cycles, we are now in the first third of a bull cycle, said Bob Thompson, Senior Vice President & Portfolio Manager of Raymond James.
“The mining clock is just a simple way to see what’s happening in the market, reverse engineer that, and then tells you where we are in the cycle – are we near the end of the cycle or the beginning of the cycle, and it tells you if we’re in a bull market or a bear market,” Thompson told Kitco News on the sidelines of the PDAC 2019.
According to Thompson, mining companies go through natural cycles from becoming overleveraged near the end of a bull run to becoming cash-flow positive, which is where we currently are, and the mining clock indicates that now is a good time to buy.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.