Wednesday, March 16, 2011
Something's up
Just a note to let everyone know that some organization effort is afoot. I can't say more now, but you'll know it when it begins. There will be posts here for those interested to follow up on. I am encouraged by conversations I had today, and as soon as there is something definite, there will be a post here.
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17 comments:
Wow, Globe and Mail did the work for us. They are on CMM's side. Awesome Read!!!
LINK:
http://www.theglobeandmail.com/globe-investor/white-tiger-pounces-on-century-mining/article1941322/
Just to add to this, I think a well worded comment for Globe and Mail link could be a useful tool in our fight.
Don't want to break the news or anything but check this site out, it sounds like somebody is taking the fight right to WTG on out behalf.
LINK:
http://agoracom.com/ir/CenturyMining
Carib, I authorize you to release my e-mail address to Chillby (as a one time favour to me).
Chillby, please contact Carib to get my email if it helps you to bounce something off of me.
Took this from another site. Very Interesting Idead. We got a strong fighter helping CMM share holders.
QUOTE:
I very much appreciate the complements and the support...as undeserved as they may be.
However I sense that there may have been a misinterpretation of my original post.
I was very careful not to mention my source of information but it was from someone that is in a position to know more about what is going on at CMM than any of us.
In fact all I was doing was reiterating what I was told , not expressing my own opinion. I believe I made my own opinions clearly evident during the question and answer period of the conference call.
I think positive carry said it best....this deal will not fly and they will have to make a better offer or somehow ensure that CMM shareholders get better value for their CMM shares.
As Larry Hoover has said....no sense getting all shook up until we see the contents of the document we receive. It will be quite thick and we will be forced to try to make sense of it. They will have to explain why they think CMM share holders should value WTG paper. We are certainly less than convinced thus far.
I am as frustrated as anyone else with this offer. Frankly I thought Daniel Major and Geoffrey Cowley insulted our intelligence by not answering any of our questions and in some cases being less than honest. I was tempted to get the mike for a third time and ask them why they bothered to have the Conference CAll.
Frankly their feeble attempts to explain where the value was in WTG left me frustrated and angry....as I am sure it did all of you. As if an open pit producing 21,000 ounces of gold, a mine that will not come into production until 2014, a bunch of moose pasture and a listing on the big board should make us all start buying WTG?
Again the question that Larry Hoover asked and did not get a proper answer to was the key question. How does a company that was valued at $.28 in December when they convinced the TSE to list them suddenly overnight become worth much more with no other news?
I was talking to Yukon Cornelius last night and he has some very pertinent questions that he intends to send to Major and Cowley. I will see if he will agree to post them on this forum.
This is far from over so don't lose faith. Ther will be a mother of a battle if they don't improve their offer.
Thanks again for the continued support.
SN
Here is some info that i found while reading the NI-43-101 technical report for the SAVKINO GOLD PROJECT.
"4.2 TITLE AND LEGAL STATUS
The Savkino gold deposit is part of the “Ildikan mineralisation area”. The licence for exploration and mining of hard-rock gold and subsidiary components in the Ildikan area was issued by the Federal Ministry of Natural Resources to Ildikangold on the 11th July 2006 and expires on 15th June 2031.
The Ildikan Licence covers 37 km2 and the coordinates for the property are shown on Table 4.1.
14.2.2 Standards
A total of 1,177 standard samples were analysed for quality control purposes, which represent 11.3% of the 2010 exploration campaign as of mid-September 2010. These include 741 standards samples inserted by SGS Laboratory (7.1% of the database), and 436 standards samples inserted by Ildikan Site Laboratory (4.2% of the database). The certified values of the standard samples are given below in Table 14.6. They cover a large range of gold values, from 0.0817 to 14.89 g/t. The majority of the samples analysed have a certified value between 0.0817 and 3.557 g/t.
18.5.4 Summary
Capital costs appear to be calculated in some detail, but the budget quotes to substantiate the unit costs have not been made available to Micon.
The mine is expected to produce a total of 136,654 oz of gold in ore with total yield projected to be 103,266 oz of gold. The average life-of-mine gold recovery is projected to be 75.6%. The average cash operating cost per ounce of gold produced is expected to US$678.
19.7 FINANCIAL
The operation is expected to yield a total of 103,266 oz of gold over the remaining 5 year life of mine. The average cash operating cost per ounce of gold produced is expected to US$678."
-A
I'm not a big investor but I've got 160,000 shares. It seems a yes is a stupid thing at this point. FWIW- I'm a mining engineer too and from professional experience in operatons all around the globe I can truthfully say that last weeks games were ridiculous and a low-life thing to do. For shame....
Prod05, I'll do that. Thx.
Hi Anonymous . I am not a big investor..(have to relate u as above as there are many anonymous posts).. like to know more from U from a mining engineer's point of view on why u thk the matter is shameful. I am following this as an investor from Singapore n I would like to learn more. Please oblige. Many thx in advance
nt300 ... I read that G+M article ... what is there in it that makes you think the article is coming down against the merger? That is what you meant when you said it was on CMM's side, isn't it? It seems to me that the article is actually touting the benefits of the merger, and also describes it as friendly.
G+M article was only reporting the facts of the deal. Nowhere did the author provide an opinion on the fairness of the deal. It's apparent from many of the comments on this blog and other forums that very few people passed reading comprehension in school.
BTW, I own a large position and I think this deal is terrible! BOD and mgmt have been playing games for months and are trying to hijack the company. I'm voting no! If I want to get in bed with a russian I'll go down to the local rub n tug!
That's good mews, Chillby. Thanks for your hard work. We'll keep our eyes (&ears) open. We'll all do our best to help you.
Re: G & M article ...
We should flood it with comments, as negative as the paper allows and as many as paper allows.
They will shortly cut-off comments if still open
Peter
Regarding the G&M article: I think a succinct summary of verifiable information could be sent to Mr Tim Kiladze at the contact details found at his website. Any good journalist will pick up a story that is demonstrably unfair to the 'small' guys.
Tim Kiladze G&M author of White Tiger pounces on Century Mining
What do you guys think? No such thing as bad publicity in my view.
dave peters - what I meant to say is the G&M did a lot of homework for us, in which that information can help our cause. My the G&M displaying this information they unknowingly helped CMM's share holder cause to not merger with WTG. In other words, WTG does not sound like the saviour and portrays them as being somewhat suspicious. IMO that is good news for CMM, bad news for WTG.
It may be worth contacting CMJ or Northern Miner, both of whom have covered CMM in the past. I agree with Doc that whatever spotlights we can shine on this will aid the issue.
Much of Finisky's success so far is that he has been able to move around and do his deeds with no transparency. If nothing else, the fact of DM's hiring, after a "global" search, and the recent revelation that he has been on the operating committee for over a year, ought to be of some interest to a reporter.
Applause to you and fil, Carib! excellent new look and good forms.
Now you all know that small frogs have large mouths...!
Not impressed with Northern Miner. Sloppy, lazy journalism going on there with how they have been reporting this merge.
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http://agoracom.com/ir/CenturyMining/forums/discussion/topics/475178-northern-miner-article/messages/1532311#message
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