To be anwered during the conference call.
Thanks to those that contributed questions. I was not able to include all of the questions. Remember, the other questions (not on the list) can still be asked by individual callers during the conference call.
Here is the list of your questions submitted to Peter Ball via e-mail:
1) ``What are the current obstacles preventing CMM from getting long-hole mined production out of BD .. and North Slope. .. and when are these issues expected to be resolved.... and what tonnage is planned out of both BD and North Slope, both near-term and mid-term... at what ore grade (near-term, mid-term and long-term)?``
2) ``At $1,300 gold how many ounces per month does Century need to produce per month at Lamaque to be cash-flow positive? I would like to see monthly production info reported on a monthly basis.``
3) ``When does the bleeding stop with these PP's?"...at what point is someone gonna take blame for another one priced at .39?``
4) ``Why is gold breaking new highs every day while CMM can't break 50 cents? When will CMM follow price of gold and rise in the markets. The day before Peggy resigned, CMM closed at $.47 share price and the gold price closed at US$1,168 per ounce. Since then, the gold price has increased to US$1,420 (US$252 increase), yet we see a 2 cent decrease in CMM`s share price, to $.45. The majority of junior companies in the gold space have realized significant increases in share price during this same period, even companies at mine development stages. Could the company please explain reasons for CMM`s under performance in the market relative to other juniors during this period? What are the near-term and long-term expectations for CMM`s share price?``
5) ``Why has the company eliminated the monthly updates to the market? Why is it so terrible to brief shareholders on monthly production updates if there's nothing to hide? Why does management seem so disinterested in the performance of the share price?``
6) ``Has the company found the long awaited CEO? If not, what is the latest situation? When is the new CEO expected to be hired?``
9 comments:
Some Good questions. Hopefully they are open to discussing all answers.
I received confirmation from Peter that they will address all of your questions submitted to them.
``We will address all questions.
Thanks for forwarding to me.
Peter``
Out of the 6 questions, expect Q1,Q2,Q3,Q5,& Q6 to be eloquently answered. Q4 is most robust. Hope to read some honest, intellegent and hopefully positive answers and not some grossing-overs.
I'll try to phone in as well if someone here can't answer this question..."at what point is it possible to scrap the DB deal and redo it with more favourable pricing?"
You can always count on Century's management to blast a hole through each new bottom after it increases...bye bye $0.45 bottom hello $0.42...
Production05,
Thanks for carrying the ball for the rest of us. Let's see CMM's Management's response. I was deeply disturbed by one of the posters making reference to the Company's lousy labor-relations. A dedicated workforce is essential to the Company's success. We sure need an outstanding CEO in a hurry! GLTA.
Can anyone answer the question as to why CMM filled a PP when they have all those outstanding warrants waiting to be cashed if need be (or so we thought..)?
Big-John37-
That same employee has shown up with the same complaint every three to four months without fail for at least three years. He still works at Lamaque (perhaps), and he always wants more "gears" and "bonus." Who could blame him?
My impression is that labor relations aren't bad at all - there is such a huge demand for miners right now that, if CMM was screwing their employees they just wouldn't have any. Say-maybe we can get the top brass at JPM and HSBC a job on a slusher down in Peru...
I for one love reading said employees posts. They never fail to make me laugh.
Hopefully soon enough we will all have as much "gears" and "bonus" as we can handle.
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