Monday, September 6, 2010

A Few Comments

Production, as always you present a compelling case for Century shares based on the market caps and forecast production of many of our peers.  We have more gold in the ground than many of them too.

Wingfong, I'm not certain that Century's shunning of Canadian brokerages was purely by choice.  I can recall Peggy saying on a conference call several years ago now that she chose not to finance with Canadian brokerages because they demand too high a price in financial terms - meaning full warrants and a discounted private placement share price.  That is all too true and if you're an exploration company or even a near-term producer, often the only way to get financing and analyst coverage is to "play the game".  However in Peggy's case, I suspect she didn't have a choice anyway because of her prior history with Canadian brokerages and therefore most of our financing has come from other countries.

In any case institutional investment covers a much wider investment community than the Canadian brokerages themselves.  There are many, many mutuals funds that invest in Canadian mining companies and many newsletters that recommend undervalued companies. It helps to be on the Toronto Stock Exchange, but that is something rarely mentioned by Century in a long time.

Based on records from Stockwatch that are mainly from 2009, our institutional investment is very weak:

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