A couple of weeks ago Production did a comparison with Luna Gold to illustrate how undervalued Century was compared to companies like Luna. At the time CMM was at 38 cents and Luna was at 79 cents. While Century has fallen almost 25% since then Luna has remained at 79 cents. Incidentally, Luna just closed a US $15 million debt financing at LIBOR + 7.5% that was not contingent on equity financing.
2 comments:
Quite a move. It didn't allow the sp to recover at all, and we'll see a much lower open this morning because of it.
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