TTM 2.06% 49.5¢ titan minerals limited

Ann: Appointment of CFO and in-country operating team, page-7

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  1. 1,315 Posts.
    Maybe these guys may move forward. At least the base can't get much worse. The last announcement also addressed the deloitte issue, so hopefully we will know something soon. I think management have focused on overseeing things, but 6months in Peru per year would be a pain in the a, so I can understand them moving responsibility to locals with the right skills. Let's face it.... To raise any funds as a pissy micro cap with a dream would be hard. Once they get all of this sorted I would suspect that they move forward with gold, copper and silver production. They will probably end up focusing on high grade copper and use gold and silver to fund that expansion. The dilution to existing shareholders has been more than challenging. But maybe they actually have a plan. There have been numerous small scale copper workings on their newly acquired land. With current technology and money miz may be able to find something significant to develop. Harbour bought in at 0.003 for a decent chunk. Silverstream also backed them (albeit with a good deal) and they have continually had backing. Somewhere along the way money should be made by the company unless they are a pack of total retards. Let's face it, they have their own plant and a heap of land where there has been known deposits of gold, copper and silver. Surely they can be cash flow positive after all this crap is sorted and return something to patient holders. Miz is a long term hold now (and this is a long winded post), but it would be good to see the company worth more than 6mill (nearly half of the processing plant and tenement acquisition) to being a company with some credibility. The board just need to view con notes as pure evil and do everything possible to get production of gold, copper and silver running at max capacity. Then we should see a really good return on the pain inflicted over the past 6 months. (had a few beverages - sorry for the rave) mitz
 
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