RE:Titan Minerals may have some problems with their Vista Mill
So it appears that the permit for Titan's Vista mill is toast. Yet, it's supposed to be Titan's "star" asset.
The Vista permit has likely been revoked by now - per the documents in Tad's post (thanks Tad), Titan was given 5 days from November 20 to get the basis for legal permitting in order, which time passed yesterday. Whatever the illegalities may have been (see documents), likely it is impossible for them to do. The source is available publicly (Spanish-language material same as from Tad post).
regionica.gob.pe
When Titan's application for merger was dismissed by Justice Grove on July 4, it also came to light that the Vista mill permitting was not done correctly or above board or whichever. So the chickens have home to roost.
Titan is due, right now, to say something at the end of their long-running "Halt". Plus,Titan has to press release about the halted Vista plant. The ASX and ASIC are probably watching them closely as it is.
Word from Australia is that the most desperate measures are being trialed by Titan to get control of some Core Gold shares. Obviously, if any Core Gold board members sold to Titan, that would transparently be insider trading and 10 other actionably grievouslmissteps, since the Core board are deep in the strategic process. Shareholders would be on them like a pride of lions at feeding time. But apparently no other big blocks of shares are interested in Titan confetti either.
Looks to be interesting ... |
