Margaret Kent, President & CEO of Century said, "we are working diligently to arrange a short-term bridge facility. Concurrently, we are looking at a number of strategic alternatives which may include the sale of certain assets or the Company as a whole."
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http://www.newswire.ca/en/releases/archive/September2008/02/c8866.html
3 comments:
http://www.newswire.ca/en/releases/archive/September2008/02/c8866.html
What do you want people? PK to sell the company or to manage an bridge financing and try once again? Very little talk in here, i have not written either much, i hope something will happen soon with the SP. Can they really get less then $50 000 000 for Lamaque and SJ all together? If so, why
/ Juha
correction. I meant $50 000 000(rather a little bit more ofcourse, so we can get a couple of cents out of this..)without any debts, just 5M ounces and infrastructure. Just as an reminder, they payed $25 000 000 for Lamaque in -04, right? In this time they have proven up a great resource to great reserves, the gold price has gone from 400(?) to 800(!), bought machinery and SJ as a bonus. So conservatively speaking $25 000 000 yesterday would be maybe $40 000 000 today, right? very, very conservatively speaking i mean. If that's the case maybe they can just sell of those trucks or something else and continue with a clean sheet with SJ on their hands. If that's the case maybe 4 cents "without" any lawsuits would be attainable, i think so anyway. By the way, this is the second worst scenario i can think of, the worst scenarios is either that:
1 the lawsuits take our company away
2 that PK dilute, retry and fail once again
3 that we can't find anyone who are interested in our properties
/ juha
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