TTM 5.05% 47.0¢ titan minerals limited

The other possibility has to do with the permit situation at the...

  1. 106 Posts.
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    The other possibility has to do with the permit situation at the Vista plant. I'm hearing that Titan didn't/couldn't meet the five (5) day response time given to them by the Government Regulators on November 20th. As such, the permits for the Plant are at serious risk of being pulled.

    As Titan's main asset, losing Vista, (or at least the opportunity to operate Vista), would be a serious blow to the Company. I'm not sure why the Company hasn't seen fit to make an announcement or advise shareholders of the situation. To me, it constitutes a material event and should be made public...but I'm not a Titan shareholder, so it is what it is.

    That in fact may be the real reason for the voluntary suspension and extensions from trading. If the issues with the Vista plant are as serious as they appear to be...and Titan ends up losing the asset...what would backstop the share price from cratering, once that news became public and more to the point in this case, what would that do to the Core Gold takeover plan?

    All that to say that yes SnowWhite...it is a waiting game. Waiting for what, I don't know...but waiting is all we can do for now. Whether news comes from Core Gold...Titan...the Peruvian Government or the Regulators, eventually news will be released. Then we can really start the discussion...turtle56


 
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