It certainly looks like the BOD of CMM and WTG want WTG to be the company that scoops up others to create value. I don't believe CMM will be the only one. Of course, to make the most money, they want to acquire these 'worker bee' companies as cheap as possible. However, I'm pretty sure they don't want to get mired in legal issues created by minority shareholders. These guys have a plan, I know they get bashed for slighting us minorities (for good reason - they are blatantly trying to rob us), but I certainly wouldn't say they are stupid. There is no doubt in my mind that everything they are doing is extremely well calculated. I am also certain they are shaking the hell out of the share tree - I wouldn't be at all surprised that there are institutions/people on the buy that have a fuller picture than us accumulating at what are certain to be retrospectively very low buy in prices.
Tuesday, March 15, 2011
How bad could it get - global thoughts?
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I believe the problems of Lamaque will suddenly rightnthemselves as soon as WTG takes the helm....the resource estimate will go up as well. CMM shareholders are being taken.
CB
They are already threatening it with the 'bridge loan'.
They could have cashed warrants - that would have been more than enough to support CMM, and their 'investment'.
Instead they lent money to the company under onerous terms at the point they were attempting to take it over.
They will now threaten you that if you do not agree to the merger their loan will be withdrawn and CMM will go bankrupt.
"Scorched earth" policy.
Educate yourself on the tactics used in the Severstal HRG attempted takeover. It is exactly the same here.
Use your knowledge today in the conference call.
They will try not to take our questions which is why we must all try to get through.
Been here before.
It does smell like there is a plot to intimidate the retailers. One has to ask at this juncture with the wild volume flowing, who is selling and who is buying? I venture to say the frightented n weak hands are selling while the bigger fishes are buying. Why? the answer is obvious. Fin & Co is trying all means to bag CMM IMHO. My take is not to play into their hands
Well we must organise.
We must appoint a leader.
One person here who has spoken with Peggy in happier times needs to call her before the conference call today, to ask what her position is on this merger.
I know a lot of what is going on in the background, but do not know Peggy.
With this information we can assess our situation and what we do next.
I also happen to believe that CMM will suddenly turn for the better once WTG bags it. Yes, the resource will certainly have to go up. The good results are already there only that they are holding them under cover only to be released to their advantage. We are now at 6Moz, I am willing to wager the updated version will be closed to 8Moz!
In the final analysis Fin @ Co wants to make the big bucks for sure n the only way to do this is CMM is well n fine---production improves in leaps n bounds, declare commercial production status, cash flow positive, 1500tpd, 2000tpd, up resource count, n vault over to become a 100,000oz Au producer!! Only achieving these can one say CMM succeeding/improving. Only achieving these will the money comes in n the SP up. So IMHO, the only logical deduction/conclusion is CMM will/must be righted soon after WTG bags it. If CMM goes downhill thereafter, then I thk Fin @ Co will be in trouble too n I don't think they like it this way
My thinking expressed in my previous posting applies to the case even when the deal falls tro otherwise Fin @ Co's investment in CMM will suffer badly too. Bet this will motivate them not to allow CMM to turn into ashes. So, similar to Doc's conclusion, believe holding CMM to the final bell make sense. Selling out now may cause one to regret later.
Wingfong I agree with you.
Finsky owns interest in both companies. The fact that he's trying to INCREASE his exposure to CMM (thru White Tiger) speaks volumes to me of what he considers its tru worth to be.
Serverstal pulled the same crap on HRG shareholders (mine had productivity problems, negative cash flow, delays etc)...yet Serverstal used this info to increase their share exposure and gobble up 60, then 70% of the company.
Only the HRG s/h holdouts who gave the royal *f* Finger at 18c, 22c and 30c have seen the reward of $1+.
Finsky won't dump CMM if this White Tiger sham falls through. He'll be buying more on the open market. WTG needs CMM more than CMM needs WTG.
Just logged in and they asked what company I was with,, I said I was not affiliated with any company and they said okay I will now log you in as listen only.
RR
Anonymous, do tell more about this Severstal HRG tussle. Should be useful to many n educational too
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