Wednesday, January 13, 2010

The new IR guy is moving at a nice pace so far

Info on the new directors is already updated on Century site. Also, I like how he highlights key info directly on Century's homepage. As well, I like how he has set up numerous radio/online media do writeups about the post-financed Century and to give Peggy a chance to tell the Century story (assuming he has been responsible for all that). It would be good if he can put an audio file on Century's web page so people can click and listen to yesterday's conference call, as part of their DD of Century.

Ultimately though, the IR guy (as well as Peggy and all other management) will be evaluated based on what they do about share price. If the share price does not increase materially from $.38 then they would have all failed, including the new IR guy. That's the bottom line! Right now, Century is severely under performing its peers with regards to share price (even the ones at similar stages of production ramp up).

Everyone that is in charge of managing the performance of Century has only one ultimate goal. That goal is to create value for shareholders in the form of share price. Century has failed miserably in the past.

We'll see how the new team performs.

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