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Interesting, there’s a lot of detail and thought put into WTG’s evaluation. Correct me if I am wrong but I see two evaluations for WTG. Read them bellow:
1) WTG stock price of C$0.33 to C$0.54 on March 25, 2011 would be more in line with the valuations the TSX is current assigning to gold producers and developers with an average ore value on the order of US$50 per tonne. 2) Given the Mr. Friskiy owns on the order of 74% of White Tiger Gold shares (see report for references), I would argue that a fair market price for White Tiger Gold does not exist. -_-_-_-_-_-_-_ Side note, interesting how WTG is trying to give us nothing for something...
In this WTG report Boyko said "The March 14, 2011 business combination of White Tiger Gold and Century Mining is in my opinion an extremely poor deal for Century Mining shareholders"
This is also the conclusion holders of 78 million shares had arrived. For those still pending and those Yes votes, do think again.
The best thing that could happen is for CMM shares to go up to fair market value. This is a sure way to put a hault/end to this attempted merger because Mr. F. would have to make a definitive offer at fair market value.
No one has answered the question if they think we will get an offer from another company. I've asked this question a number of times and it seems nobody has an answer. I agree this deal stinks and will vote against any such merger based on the current offer on the table. If all or most shareholders think the same then we should received a "NO VOTE" which will put an end to such a merger.
Finskiy can offer as many merger agreements as he wants, but until he makes the right offer, no deal will ever happen if voters stick to their guns and vote no unless it's an offer that makes sense.
Mr. Finisky is more than welcome to make another offer..... COLD HARD CASH.
The message is loud and clear what we think of his White Tiger Paper. If I'm running low on toilet paper then maybe I'll consider getting some. Lmao!
Until then it's a firm N.O. To you Mr Finisky. If you're so confident about the value of WTG, go do an equity financing on the open market....see how many suckers...I mean Investors you can get that will buy into the Russian Potential. Then come back with a serious offer.
TO ernie: To help answer your question, personally I am sure there's quite a few companies eyeing Century Mining Corp. I think a lot has to do with the Lamaque project.
Once they "FINALLY" get full solid production going with good quantity, only then I think another company will be interested despite the fact CMM share price is ripe for the picking...
If companies wait for Lamaque to have solid production, it will be too late. If other companies are interest they better make an offer now. I have a feeling all the talk on this board is just crap and WTG will get Century for next to nothing. If people care about Century they would be buying and the share price would be a least double what it is today. This is just my view on this matter.
Ernie..."I have a feeling all the talk on this board is just crap and WTG will get Century for next to nothing....). Your unsing of the word crap sounds naive, degrading n disrespectful. I am willing to go easy of this remark for a one time slip but my advice is be careful in your future use of words. What have been posted in this blog had been and will always be of the most serious investinment issues of CMM n they are not crap as u had said. Do take note. Others may be offended beyond your imagination
Wingfong...(I am willing to go easy of this remark for a one time slip but my advice is be careful in your future use of words). I'm saying it because you people get on the board and beat the same old drum over and over with no results. All I hear is "WT this and WT that". Why don't you guys talk to your financial advisor and ash them why they are not pushing Century to their clients and get this share price going. The higher the price goes the more chance we will get a NO VOTE because WTG would have to come in with a much better offer.
I believe the Boyko numbers are significantly flawed. Please see the following: http://agoracom.com/ir/CenturyMining/forums/discussion/topics/476363-white-tiger-valuation-report-from-goldminerpulse/messages/1535766#message
The WTG reserve/resource figures are significantly understated. If I am wrong, rebuttals are certainly welcome.
Can someone please help me out with a few questions? I wanted to posted this on stockigloo but not a member.
I am inexperienced in this process. I own the pink sheet USA version (CMNZF.PK) because I live in the U.S. As a shareholder of cmnzf.pk, will we have the same rights? i.e. able to dissent, if possible?
We will not know about the results until on or after May 12? Why so long? Is it typical to have this much lag for a vote? I can't imagine 6-7 more weeks of this drama!!! It seems excessively long and the share price will just flounder this whole time. How will we get the voting information? By email? Regular mail?
If we do dissent, what will be the price? Is it the price of CMNZF.PK of the day that the voting results come in - May 12? Same with WTG shares, if this does pass, is it 0.4 shares for the price of WTG that the deal "closes" - May 12?
(I wouldn't be surprised if WTG drops dramatically right before or after May 12 to screw all CMM shareholders in the the price of WTG paper we inherit - since that has been what has been going on ever since I have owned this stock - screw the shareholders.)
16 comments:
Interesting, there’s a lot of detail and thought put into WTG’s evaluation. Correct me if I am wrong but I see two evaluations for WTG. Read them bellow:
1) WTG stock price of C$0.33 to C$0.54 on March 25, 2011 would be more in line with the valuations the TSX is current assigning to gold producers and developers with an average ore value on the order of US$50 per tonne.
2) Given the Mr. Friskiy owns on the order of 74% of White Tiger Gold shares (see report for references), I would argue that a fair market price for White Tiger Gold does not exist.
-_-_-_-_-_-_-_
Side note, interesting how WTG is trying to give us nothing for something...
Hi nt300
U have done us a great favour. Thanks.
In this WTG report Boyko said "The March 14, 2011 business combination of White Tiger Gold and Century Mining is in my opinion an extremely poor deal for Century Mining shareholders"
This is also the conclusion holders of 78 million shares had arrived. For those still pending and those Yes votes, do think again.
Thank Mr. Boyko for doing the job Century Mining Board of Directors clearly couldn't.
This report only confirms what we've known since March 14....WTG is a hyperinflated P.O.S.!!!
Can't wait to hear CMM's response!
Oh man - someone put some lipstick on this pig!
The best thing that could happen is for CMM shares to go up to fair market value. This is a sure way to put a hault/end to this attempted merger because Mr. F. would have to make a definitive offer at fair market value.
No one has answered the question if they think we will get an offer from another company. I've asked this question a number of times and it seems nobody has an answer. I agree this deal stinks and will vote against any such merger based on the current offer on the table. If all or most shareholders think the same then we should received a "NO VOTE" which will put an end to such a merger.
If we all vote No and win the vote, do you really think that ends it?
If Finskiy is everything that so many people here say he is, there will surely be another merger agreement soon after.
And again and again until one passes.
Finskiy can offer as many merger agreements as he wants, but until he makes the right offer, no deal will ever happen if voters stick to their guns and vote no unless it's an offer that makes sense.
Mr. Finisky is more than welcome to make another offer..... COLD HARD CASH.
The message is loud and clear what we think of his White Tiger Paper. If I'm running low on toilet paper then maybe I'll consider getting some. Lmao!
Until then it's a firm N.O. To you Mr Finisky. If you're so confident about the value of WTG, go do an equity financing on the open market....see how many suckers...I mean Investors you can get that will buy into the Russian Potential. Then come back with a serious offer.
TO ernie:
To help answer your question, personally I am sure there's quite a few companies eyeing Century Mining Corp. I think a lot has to do with the Lamaque project.
Once they "FINALLY" get full solid production going with good quantity, only then I think another company will be interested despite the fact CMM share price is ripe for the picking...
TO nt300
If companies wait for Lamaque to have solid production, it will be too late. If other companies are interest they better make an offer now. I have a feeling all the talk on this board is just crap and WTG will get Century for next to nothing. If people care about Century they would be buying and the share price would be a least double what it is today. This is just my view on this matter.
Ernie..."I have a feeling all the talk on this board is just crap and WTG will get Century for next to nothing....). Your unsing of the word crap sounds naive, degrading n disrespectful. I am willing to go easy of this remark for a one time slip but my advice is be careful in your future use of words. What have been posted in this blog had been and will always be of the most serious investinment issues of CMM n they are not crap as u had said. Do take note. Others may be offended beyond your imagination
Wingfong...(I am willing to go easy of this remark for a one time slip but my advice is be careful in your future use of words).
I'm saying it because you people get on the board and beat the same old drum over and over with no results. All I hear is "WT this and WT that". Why don't you guys talk to your financial advisor and ash them why they are not pushing Century to their clients and get this share price going. The higher the price goes the more chance we will get a NO VOTE because WTG would have to come in with a much better offer.
I believe the Boyko numbers are significantly flawed. Please see the following: http://agoracom.com/ir/CenturyMining/forums/discussion/topics/476363-white-tiger-valuation-report-from-goldminerpulse/messages/1535766#message
The WTG reserve/resource figures are significantly understated. If I am wrong, rebuttals are certainly welcome.
BTW, I am a friendly:)
I say this as politely as possible.
If you need to rely on goldminerpulse to determine the fair value of CMM or WTG, small cap mining is probably not the best investment for you.
You should probably consider ETFs or mutual funds.
Can someone please help me out with a few questions? I wanted to posted this on stockigloo but not a member.
I am inexperienced in this process. I own the pink sheet USA version (CMNZF.PK) because I live in the U.S. As a shareholder of cmnzf.pk, will we have the same rights? i.e. able to dissent, if possible?
We will not know about the results until on or after May 12? Why so long? Is it typical to have this much lag for a vote? I can't imagine 6-7 more weeks of this drama!!! It seems excessively long and the share price will just flounder this whole time. How will we get the voting information? By email? Regular mail?
If we do dissent, what will be the price? Is it the price of CMNZF.PK of the day that the voting results come in - May 12? Same with WTG shares, if this does pass, is it 0.4 shares for the price of WTG that the deal "closes" - May 12?
(I wouldn't be surprised if WTG drops dramatically right before or after May 12 to screw all CMM shareholders in the the price of WTG paper we inherit - since that has been what has been going on ever since I have owned this stock - screw the shareholders.)
Thanks in advance!
You may want to ask Carib in regards to the USA version (CMNZF.PK) and if that is also part of this merger deal.
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