Tuesday, June 10, 2008
Well,,,, just got my 2008 AGM package
in the mail. Management's nominees/recommendations for the BOD include Margaret Kent. So much for her resigning. Anyone going to the AGM in Vancouver? I am willing to sign over my proxies to these individual(s) who will help get rid of Margaret Kent from the BOD and from this company. I want someone at the top who's intelligence exceeds their EGO. Definitely, I will be voting AGAINST any and all stock options for to the BOD/management who have single handedly destroyed this company.
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4 comments:
OK, I predict the end is near - not the end of CMM but the end of the crazy sell-off. I was wondering why I was getting this crazy bad luck streak, anyways, found out the cause and fixed it.
We are getting to ridiculously low prices, so low that we could be taken over by SUE, imagine that.
I believe that CMM is trying to put a good news spin prior to releasing the financials, otherwise Scion will sell when the MCTO lifts driving the stock to single digits.
Wega is a $1.6B market cap company, CMM is a drop in the ocean for them. Once they decided that they don't want to deal with CMM, they are indiscriminately dumping the stock. I don't think there is some ulterior strategy or intentionally trying to make a point, they just want out and to write off this investment. unfortunately for us, it's hurting current shareholders.
I have been hoping so long for some good news and all we are getting is bad news. I hope that we get some news that stems the bleeding, let's Wega dump the rest of their shares 18M left? and let us move on. Hopefully Scion does not continue where Wega left off.
Come on CMM !!!!
Check out the June presentation. It's been 4 months since the last one (February)
Here's the link... like I said, tide is turning. I can feel it.
http://www.centurymining.com/investors/pdf/CorpPres%200608.pdf
Bargin hunter, I just hope that your prediction will turn out to be correct (I don't mean the "end of CMM" part!). If CMM will indeed get on track and prosper after this sell-off. then we can say that some folks (institutional or retail) picked up an awful lot of cheap shares (because for every dumped share there was a buyer).
But traditional "good news" may not be enough any more to move this stock, because individuals and institutions lost faith in the credibility of CMM's mangement. That is probably the reason why Wega decided to take the action they did: they no longer have faith in CMM's CEO. Besides "good news" can only be based on good actions. And there wern't too many of those during the last two years.
What next? I guess we'll soon find out. I sure wish I could be at the AGM
When WEGA came in things were far from rosy. They knew that things were not going swimmingly, and who knows why they really came? If- and I say "if" they have decided to get out now, it must be because it seems clear that they can't achieve their aim their way - whatever either of those was.
If they are deliberately manipulating the SP down, they should not get away Scott free. But who will bell the cat?
PK no doubt saw them as a source of help and hoped that their agenda would also be beneficial to us all.
So much for hope. These are all just my uneducated musings.
Even in the business world of the powerful, however, their is karma.
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