I would like to take this opportunity to thank Keith Hulley and the Centurions for starting the new year on such a positive note. My wish is that KH will have a very long and happy vacation, as he richly deserves it. Thank you for being tough-minded, and planning and navigating a successful journey through a tough passage. Your work ensures jobs for a lot of people, monetary enhancement for your shareholders, and most importantly, reinforces the idea that we can manage any difficulty with a good attitude, thoughtful planning, and capable people. I wish you and the CMM team the best of the new year, and thank you for rewarding the faith in this company that so many of us 'retail' customers keep. For what its worth, a BIG welcome to Mr. Major.
Beyond that, we ought to be mindful of the still-current dearth of supply of yellow metal. I'd like to see commercial production before April, and I'd like to see some precious white metal show up in our explorations.
Happy New Year to all you fellow-sufferers!
2 comments:
Hi Chillby
Have not heard fron U for quite sometime. How are U? yes, I share your fond feelings for Mr Keith Hully n do like to wish him all the best. Cheers!
For market perception purposes I am now thinking it is critical for Century to appoint a Canadian as the 6th director (Chairman).
High River Gold (controlled by Severstal) is in the process of switching Business Corporations Acts in order to bypass the requirement of having Canadian directors on the BOD. As mentioned in the past, IMO, Severstal is 100% slime. The Severstal controlled management is switching High River from the Canadian Business Corporations Act (where 25% of the board has to be Canadian residents) to the Yukon Corporations Act (where no Canadians are needed).
As a side note, Canadian residents are required to be on the board for companies with provincial Business Corporation Acts in Ontario, Alberta, Saskatchewan, Manitoba, and Newfoundland and Labrador also.
Given Peggy`s comments about Century (earlier in 2010) about Century needing another Canadian director, it likely means that Century is currently under the Canadian Corporation Business Act (as oppose to a provincial act or at least a provincial act without the Canadian content requirement).
I would recommend that Century keep the current Business Act intact, even if for just market perception purposes. Furthermore, I would recommend that Century fill the Chairman position ASAP with a Canadian resident that is respected in the mining and investment communities (as we have seen recently with the appointment of a permanent CEO, removing uncertainties is critical for market acceptance). It would also have a added benefit of complimenting what Mr. Major brings to the table.
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