Monday, January 4, 2010

I'm trying to figure out what this means

"The Company has also been provided a margin-free gold trading line for up to 180,000 ounces of gold and a currency trading line."

I wonder if any of this can be used as a line of credit to provide advanced cash is required (at spot gold prices) in exchange for commitments on future gold delivery to the bank.

1 comment:

production05 said...

Investment Industry Regulatory Organization of Canada - Trade Resumption - Century Mining Corp. - CMM

VANCOUVER, Jan. 4 /CNW/ - Trading resumes in:

Issuer Name: Century Mining Corp.
TSX-V Ticker Symbol: CMM
Resumption Time: 9:30 e.t.