The bars represent volume and the line represents share price in the foriegn currently (US$ and EUR), naturally. It looks like CMNZF investors participated well during share price spikes over the past year. To your point, the CMNZF activity has picked again recently. The Stuttgart Exchange is the most active of the 3 German Exchanges we are listed on (though still minor activity). It looks like our Stuttgart investors participated in the big share price run up in the April and May period. There was hardly any volume the last couple of months, but volume seems to have showed up again lately.
CMNZF:
http://markets.ft.com/tearsheets/performance.asp?s=CMNZF%3APNK&vsc_appId=ts&ftsite=FTCOM&searchtype=equity&searchOption=equity
Stuttgart Exchange:
http://markets.ft.com/tearsheets/performance.asp?s=H2N%3ASTU&vsc_appId=ts&ftsite=FTCOM&searchtype=equity&searchOption=equity
10 comments:
P05, CMNZF definitely works and the spreads are not as bad as some miners that are more thinly traded, but I still think a NYSE or AMEX listing would be great.
Not now, but down the road. First we just need to deliver Lamaque and get a good CEO. When we are producing 100k+ oz year and are at a market cap of 650 mil to a bil down the road, It would be on my wishlist for them to get the US listings.
I know a lot of fund managers out here in the US that will not touch OTCBB or Pink Sheets for their clients just on perception alone. The retail investors will buy CMNZF but we will want larger investors as we grow.
Cheers,
RE
Thanks P05- right on your game as ever! I must admit that it's good to see that despite all else, we still outperformed the DJIA over the last year....
I find it encouraging to see more retail participation. That cash will float the boat as we move into Q4/Q1-11. I'll be curious to see how much we beat the Dow next year...
RE-
PB made an interesting point this am- IAM Gold's new CEO being an oil man. Look what happened to their shares...
A perfect object lesson for our search committee. Of course, it would be difficult for us to lose a dollar a share...just now!
I guess all the brass were at the mine today. I think I can see the 2000TPD light at the end of the tunnel (say, by February...?)
Lawdy that's going to be some cash flow!
In the Stuttgart Excahange it quoted CMM as
"continuously underperforming"
What is going on?
Hey Guys, the September presentation is on the website...I don't think any surprises either way
Chillby
can U elaborate on Iam Gold's new CEO being an oil man...? curious. Thought oil drilling/abstraction and gold mining are entirely different endeavers needing entirely different skills?
There is hardly anything in the September presentation about the August and early September Lamaque performance. I suppose Mr. Hulley truly does not believe in using these opportunities to educate the market about all the fruitful initiatives that are ongoing (not many non-Century investors will be reading the CMJ article, or performing detailed analysis as to what it all means). You know, with US$1,245 gold, and hungry investors looking to make investments in the gold space and especially looking for emerging/growing gold producers with extreme leverage to the gold price, it`s odd that Mr. Hulley would flip Century`s market communication approach back to methods used unsuccessfully by Century over the past 5 years (the dark days - 5 years of continuous darkness, leading to extreme reputation damage to the company, zero market confidence (IMO) and major skepticism that Century can actually deliver Lamaque).
Anyway, there was one interesting note on the presentation:
``Bedard Dyke portal completed July 2010; ramp being development for ore extraction levels with drilling stations established and
mineralization definition drilling commenced``
It looks like definition drilling in the Bedard Dyke has started.
Production, I have to agree that this is a disappointing presentation. The July presentation gave us avg daily tonnages, grades and ounces per month for May and June. In August we only got the tonnages per month and in the September one, we get nothing. This is the presentation they will be using at the Denver Gold Show next weekend.
Slide 17 says tonnage is expected to increase in Q4. For anyone seeing Century's presentation for the first time, increase from what to what? The comment on grade is equally disappointing - "Mill head grade currently averaging below forecast". What's the point of including that statement? How much below forecast?
We probably won't get anything specific on actual production until November when they issue the Q3 financials.
They didn't even do a good job of proof reading. "ramp being development for ore extraction levels with drilling stations established and mineralization definition drilling commenced``
I think we need to all contact Peter and see whats up. Its like they are trying to turn potential investors off instead of onto this company. I agree with all of you. Gold is at all time highs. The lastime gold hit the highs we were CTO'd . I think its time the retails start contacting the company and see why were not promoting. We need some numbers to work with. With no numbers how are we or potential investors suppose to do our DD. After looking at the sept. update I can see why our SP has not moved up. Lets hope the new CEO will at least want to update the shareholders. Thanks to all who have contributed here. First time blogger here but have been following this blog since it was first put up. Cheers Junior
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