Ann: Core Gold Circular and Proposed CEO MD, page-11

SW666,
Not a Piggott fan but a big fan of Core's assets. You're right that Titan Management has had a history of being able to raise cash...but with the dilution and rollbacks, how has that worked out for shareholders and what have they been able to do with the money? Mr. Carr is in North America this week trying to raise the A$20 million...presumably because there were no takers in Australia. Based on the recent amendment to the Agreement and Core's announcement that they may waive the requirement for Titan to come up with the full $20 million prior to the deal closing, it appears that their fund raising attempts have not gone as planned.

You're right that the deal makes sense...or would, if Titan Management had a history of significant production, delivery and increasing shareholder value. Unfortunately, that doesn't seem to be the case. A lot of information has been posted recently on the Stockhouse CGLD bullboard, about the questionable practices of Titan Management. Whether it's accurate or not, I'm sure the situation will get looked at and the truth will eventually come out. Until then, I'm reserving judgment on the merits of the proposed merger... Turtle56