In the past day we've had 5 new comments by "Anonymous" posters and for the most part your contributions to the blog are welcome. It is good to get some input from the poster from Val d'Or, who can, if he wishes, provide the blog with information of what is actually happening at Lamaque. To that poster, I think we can all say we hope (for different reasons perhaps) that he returns to work at Lamaque in the very near future. I do believe it is now a question of when and not if. Perhaps by June 1, the company will start hiring again.
I do want to remind those who publish comments that the Blog requires you use choose a posting name. The Header for the Century Mining Blog states:
"Viewers may however leave comments on any post, but you must use a unique name (anonymous posts are subject to deletion)."
In practical terms, this is desirable so that when one responds to a comment from a poster, they can address that poster by name.
For instance, the last anonymous post said:
it is like dangling a red flag in front of our PK raging bull. they approached CMM and visited. PK had to contain the share price while they talk, or risk losing them. that's my theory. :)
To this anonymous poster I would say that while your info about the identity of the possible merger candidate may be possible, I would say that it makes no sense for PK to contain the share price. On the contrary, if you are negotiating a merger, you want your market cap to be as high as possible to negotiate to the most favourable percentage split.
This blog was created last year as a refuge from the Stockhouse Century Bullboards with a prolific amount of bashing, especially by one multi-alias basher in particular. Comments have in the past been subject to moderation and will be again to disallow posts that offer no value, like the ALL CAPS post from another "Anonymous" poster today.
So if commenting on a post, before hitting the Post button, click on the "Name/URL" button and enter the name you wish to post under.
If you wish to post an original post (rather than just comment on someone else's post), you must become a blog member. To become a member, send me an email to centurycarib@gmail.com. Members have much better posting tools available and you can edit your own posts after they have been posted. Member's posts are not moderated.
6 comments:
Carib,,, could you post today's trades. Thanks!rhump
rhump, today's trades have been posted under the "Today's Trades" link.
Century are infamous for filing their financials at the last possible hour so there is still time to file them today. It seems the only one really interested in them is D3 who is hoping to find something negative to post.
Production has already told us what to expect and we know what San Juan did in 2008 from the last corporate presentation.
Sorry Carib ... for the anonymous post.
Fatigue must be setting in. This is an annual event with Peggy. It happens every year around this time where she comes up with some new story, or angle, to keep the faithful hanging on, and attract new investors. No one is immune ... recall Scion and WEGA from previous years.
This year the story appears a bit more legitimate, but really, is it ... the poorly crafted NR leaves us guessing what she is planning? At the end of March it was very clear.
Their objective was to negotiate a $65 million debt deal with a Union Securites client and put the Lamaque mine into production. One month later we have another group potentially interested in providing financing, as well as a company interested in a merger. And we're left speculating about the future ....
Btw, does anyone know what the status is of the outstanding Poderosa litigation? we seem to have forgotten about it after more than two years of litigaion.
Votorantim purchased 70% of Atacocha last November. Atacocha (a key party named in the legal case) owned 50.1% of Poderosa (it's not clear what their percentage ownership is right now).
Votorantim is a massive Brazilian conglomerate, but they have no interest in gold (best I can tell).
As a result, (I've been saying all along, as it has always seemed like a no brainer to me) once Votorantim became involved I expect to see an out of court settlement, perhaps within 6 to 9 months although I was hoping it would be earlier (enough time for Votorantim to get settled in). I also figured there was incentive from the Poderosa shares being frozen in the courts, but I'm not sure if there have been ways around that. We have now reached my 6 month window. I wouldn't be totally surprised if Peggy is making progress on the Poderosa legal front. If such is the case, I wouldn't be totally surprised if Poderosa (at least) partly fits into Peggy's current equation.
am sorry about my 2 anonymous post . am happy to see the company is going in the good way , you talk about the 1 june they going to hire, sound to be a good news for us, thanks for the info carib
and by the way it would be an honnor the me to gave you some news about the situation in lamaque
thanks
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