Good work Century, one step at a time. We can say it's not enough but it's always easy to make decisions when we are not the ones running the show I guess. The problem with new start-ups is that there are always delays but I think most novice investors understand that concept behind venture capital.....Well, all capital for that matter. Most investors require in the range 0f 8%-10% return per year to be happy. Now let's do the math for Century's ROR.
September 24th 2009 SP----> $0.17
September 13th 2010 SP----> $0.40
End-BGN
------- = Net % Gain or Loss!!
BGN
0.40-0.17 0.23
--------- = ---- = 1.353 OR 135.30% Gain
0.17 0.17
So a 135.30% Return in a period where the TSX returned almost 11%
.....Not 2 shabby Century!!!! Keep up the good work:):)
2 comments:
I have also noticed in recent days that Scotia Capital (085) Has been buying large amounts of shares off of the open market. I know months back we had mentioned that this may be the Russians themselves buying on the open market. If you can get 1 million shares from the public float instead of using warrants it always ends up being a good deal(save those .30 warrants for later when century needs more cash). If you want more than the amount of shares warranted that is.
Also A nice push by Jitney Trade (099). They have not made a trade to the upside this large since we ran into the 80's I believe.
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