The Q3 financials have been filed on Sedar. I've posted links to the Financials and the Management Analysis & Discussion on the Information Links on the right. San Juan produced 4,561 ounces at a cash cost of $460/ounce.
Some really positive developments today! The only condition for closing the $21 million PP that I thought might be a bit dicey after the recent bad press in Quebec was the renegotiation of the IQ debt. The deal reached under that political cloud was amazing. (One Quebec MP called Century a company they despised). I would have been happy with shares priced at 25 cents (the same deal as the other creditors received). For the past year where we have been most vulnerable was someone else buying the IQ debt and foreclosing on us. As Production said, IQ has treated Century extremely well.
I'll post today's trades in detail after this and will try to keep the "Today's Trades" link current from now on as it now appears we are back in business.
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Today's trades have been posted. Looking at the trades in detail, what I noticed was that as soon as buying pushed the share price to 29cents this morning, Canaccord and Anonymous hit the bids with sales of 188,500 shares in a 10-minute span. What that does is encourage the profit-takers to sell their shares for a few pennies gain and others to sell to avoid taking a loss. Look at Jitney's trading today.
I'll try and update the 2009 trading summary - at least for Canaccord and Anonymous as soon as I get time.
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