Thursday, December 2, 2010

Glorieux

I briefly glanced at your note posted on Agoracom, about Peter Ball having a good presentation in the UK.

I have a couple of comments:

1) I briefly noticed someone with a Barclays account buying Century shares at $.43 today. Barclays is not a typical CMM buyer. Barclays is a UK bank. Maybe this was one of the anticipated UK buyers.

2) I have always known that the UK is a severely underserviced market in the gold space. There are only a handful of gold mining companies listed on the London and AIM stock exchanges. This is only a tiny fraction compared to the Toronto exchanges, with its hundreds of listed gold companies.

Also, London plays a key role (a doorway in a sense) for Russians, other europeans and middle east investors looking to invest in international gold mining producers. This is also why many of the major Russian mining companies are listed in London.

London itself has loads of institutional capital to invest.

Century would be wise to keep aggressive presence in the London market. Century should eventually look into listing on the AIM (and once big enough, try applying to the London Exchange). There are hardly any mid-tier and junior gold producers listed on the AIM and the London Exchange. There is an extremely underservice space in that market that matches up exactly what Century Mining has to offer.

10 comments:

Sam Brennand said...

Also nice to hear that the update will include some Bedard Dyke drill result in addition to the Lamaque/San Juan ounce update.

Things seem to be moving in the right direction now. We have a solid few months ahead of us with a number of noteworthy events that will drive SP appreciation. Everything could 'snowball' from here.

They are:

1) NR of 2nd PP closing
2) Mid-December production update and BD drill results
3) Release of $9M DB funds
4) New CEO
5) Commercial production
6) Exploration & drill results

Glorieux said...

Add cashflow positive to that nice list as this will be a good driver for the share price also.

Sam Brennand said...

Very true. That's a huge milestone.

real_economics said...

Yes, I believe the momentum from the combination of these upcoming multiple positive news events will push us over 50 cents. Once we break above 50 cents I am confident we will move into a new trading range in a sustained manner to new highs.

Anonymous said...

I'd like to see "updated 43-101" added to that list. Last I had heard this was due out early 2011...hopefully that means Mar/Apr

real_economics said...

Rock, I agree. . . among all the drama this year of CEO exit, cease trade, equipment delays, etc. I think it has been lost in the mix of emotion and short-term "what have you done for me lately" thinking that we are ridiculously cheap even as a pure resource "in the ground play."

I think the updated 43-101 will catch the eye of many analysts who will finally have a "this is just too good to be true" moment. They will look at it and see you are getting a imminent 100k+ oz producer cheaper than a development stage entity.

It's incredible to me that some other plays that are a year away from construction and 3 years from production have tripled in the last couple months (take Minco Silver for example.)

When we are this close to this massive turning point, I just see no big deal in a couple month delay due to equipment delays and an overzealous original timeframe when you compare CMM to these other plays that are YEARS from anything happening and of which many still need additional funding.

The street will wake up and see this is the best value on the market right now.

RE

Wingfong said...

Hi Glorieux

Nice to hear your comment on PB's success in London. It occurs to me all the while gold juniors listed in Canada are just like bees on a pollen-gathering trip, large quantity n yet difficult to pay attention to any single one. In my country Singapore, there is NO gold mine listed and for Hong Kong and India, though I do not have the exact figures, I am pretty sure U can count such Co by the fingers of a single palm if there is any. As such, instead of getting lost among the crowded/ large quantity of similar companies in Canada, perhaps exposing CMM to London, Frankfurt n perhaps to the exchanges in the Far East is a good strategy. I always think it make sense to do so.

Wingfong said...

One more thing, in such non-canadian-investors enviroments, I would presume CMM can present all its bests, potentials, figures and tell a fantastic story without having to deal with issues like:-

1)investors who are spoild with too many choices of gold co listed
2)CMM's past baggages of the unfavoursble types which I always feel Canadian investors pay a lot of attention tolike PK's issues etc(being emotional perhaps?)
3) familiarity-breeds-contempt situation etc etc

Carib said...

Peter Ball told me some time ago that Century is required by security exchange regulations to file an updated 43-101 report not later than the date of their 2010 annual report. That means not later than April 30, 2011.

Wingfong said...

So is it possible that the $2.5 million flo-tro pp was speedily effected to launch a crash drilling program so as to come up with a surprice-on-the-upside NI43-101 updated report before this 30th Aprial 2011 date line? I certainly thk n hope so.