REASONS WHY YOU DO NOT WANT TO OWN TITAN MINERALS
NOTE: Penny stocks have been defined in 2 ways according to what market they are traded on. On the higher exchanges like the NYSE, Nasdaq etc they are defined as anything below $5 USD per share. On the lower market of the OTCBB they are considered anything below $1 USD. My personal view is any price below 50 cents in USD. For this analysis and all others the 50 cent mark will be used.
REASON 1: The number one thing I look at first which sets the tone for all other data on a company is their shares issued and outstanding. Shares issued is the maximum shares the company can sell which can be increased from the initial offering or beginning of the company. Issued shares number is important but far more important and relative to the initial evaluation is the shares outstanding which is for short definition is how many of the issued shares have already been sold or promised in some fashion.
A large mature miner who is a metal producer with good assets in the ground and has a legitimate staff of corporate officers can carry a high share count of the upper hundreds of millions is acceptable. Case in point look at Majestic Silver the largest, most efficient, and most profitable silver miners in the world that is run by one of the top 10 CEO's/Presidents of all mining companies in the world has a share count of only 256.6 million shares outstanding currently as of November 2021. Large efficient producers can buy back their shares from profits and reduce the share count on an annual basis which for the remaining shares holders is like a yearly bonus long term.
The penny miners especially in my category of below 50 cents per share that have a high share count is the kiss of death and certain loss for inexperience investors who invest in them. Titan currently has 1.4 Billion shares that is 1,400,000,000 shares outstanding that they have sold off in some way. THERE IS NO WAY THAT Titan can survive and develop into production on any of its properties NOR can it even do drill exploration projects on them for possible joint operations with another company to prove the assets with such a massive share count. Such large share counts is like people who run up their credit cards into the 100,000's of dollars on a McDonalds salary, NO chance to survive with out default. Such massive share counts as Titan has is just a con game or gross negligence in operation of a miner, there IS NO OTHER EXPLANATION. Default means they do the DREADED REVERSE SPLIT.
Titan has been having a real party with selling off all those shares and has NO VIABLE property which they can draw future revenues from to bail them out and the properties they have are far from being even evaluated and proven in order to get viable funding for mining these properties. ANY PENNY MINING company that runs its share count up as high as Titan has done IS A SCAM and Titan has ONE BILLION...FOUR HUNDRED MILLION shares outstanding. The dreaded REVERSE SPLIT is on the horizon for TITAN which is a form of self bankruptcy carried out by the corporate officers which wipes the current value of the shareholders (that is you boys and girl) to virtual nothing. Titans currents share price as of November 10, 2021 is .0202 USD (that is 2 cents) which for a share count of 1,400,000,000 is an exorbitantly high price for any penny miner and given their current situation the real share price should be .0001 USD. Only you fools who have fallen for this CON GAME and I expect Titans own manipulation of the share price keeps it from crashing to the true value of .0001. Titan does have possibly viable properties but no hope of ever advancing them without wiping out completely the current value of the current shareholders in a reverse split
A reverse split is you the shareholder get dramatically reduced amount of shares for the amount you currently have thus bringing down the total shares outstanding for the company. You can expect Titan to do as much as a 1 to 1000 reverse split so if you have 10000 shares you get 10 shares in this RS reverse split and as soon as they do it they will restart their drunken spending of the reduced shares again driving the price down again. TITAN MINERALS IS A COMPLETE FRAUD.
Exploration penny miners if they are scams or their corporate team are just totally incompetent will run up share count rapidly pretending to be a big mover and shaker in the exploration field taking over other small companies in stock share payments like a drunk sailor. The fact is they are just EXPLORATION companies with no income and no real possibility for any from 3-5 years for placer mining and 7-15 for hardrock miners. There are exceptional placer miners/geologist who in the process of sampling a placer claim can actually produce on it small scale and make enough to pay the bills and even slowly build the processing and production up into major projects BUT such situations are rare in publicly traded companies. Hard rock miners can likewise do the same if they are operating a former old mine operation that has a lot of old debris waste piles from decades ago where with new technology can extract precious metals from such piles while they rebuild the old mine. These are exceptional cases and it takes extraordinary men in both geology and financials to pull it off without diluting the company share count in the selling of company shares. Titan Minerals at 1,400,000,000 shares outstanding is a crime scene photo of a SCAM COMPANY.
Author of this post has been an investor in the penny stock mining companies for over 30 years, he will be evaluating Titan Minerals in future post as a warning to those who either own the stock now or who are thinking about buying shares.
