Terenas -- Molten Core?

[Mavfin]

Grats, guys, on starting up an...  I would say alliance, but that wouldn't be appropriate... a 40-man group to raid with.  Regarding cores and ore and stuff, the simpler and less bureaucratic the better.  Identify who tend to be the tanks in the raid.  Hopefully there will be people from both guilds who will be tanking.  In that case, try to equip people from both guilds using the materials.  Definitely do not random the ore and cores off to the general raid, because that just leads to much of it ending up on the auction house, which slows down the progress of your raid.  If need be, you can set up banks for each of the guilds and split the cores and ore at the end of the run between the two guild banks in proportion to the guild participation in the raid.

Have only trusted officers loot, skin, or mine during the raid.  I don't care how much you think you trust your raidmates, when there are 40 people in the party, it's easy to lose track of where things go, and items end up slipping through the cracks.  Our guild was and is a tight group, and a long time ago we used to have a policy of letting anyone mine the dark iron ore in MC as long as they sent it to the guild bank afterward.  After months of doing this, it was estimated that the "slippage" was on the order of hundreds of bars of dark iron ore and possibly more than a thousand bars.  Even now, when we have an even tighter "leaner meaner" guild, whenever we have a ZG run where people are allowed to pick up coins and bijous "as long as they send them to the bank afterward," the number of coins and bijous that end up in the bank is about half what go in when we have a dedicated looter picking up all the coins and bijous.  People may not be doing it intentionally maliciously.  It may be one of those cases where they say, "Oh, it's only one bijou.  It's no big deal.  I'll just take the rep." kind of thing.  But when you have 20-40 people saying the same thing, all those lost materials add up.

Remember that the items you make using the cores, skin, and ore are there to help everyone in the raid progress further into MC, so if a few people seem to be getting a ton of epic crafted items, don't complain, because having your tanks geared up helps everyone.  Much of the crafted items aren't useful outside of MC/BWL/Onyxia anyway.
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Well, you have to get your tanks decently geared/FR'ed first. You can do Geddon w/o much FR...except the tank.