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Well, the shots make good impact, for all their lack of motion. How much can you actually get into 15 seconds, anyway? I'll be more interested in seeing the analysts' reactions to yesterday's tour. Interesting notes from Space - the photo changed from yesterday to today. Definitely some rock being moved out on the mine, and a parking lot full. Looks like somebody's working...makes me want to grab my screens and go rock-hunting!
Go to Google Earth and type in Val D'Or, Quebec...it helps if you have a government or subscribed account, so far as the timing and resolution goes. 5000 feet up is about all the clear detail you can get on the public domain. Still quite useful, just the same. You'll need a bit of room on the hard drive to install-still, its the only way I know to get airsick without going up...! Good luck...and by the way, are we sure that every member of the BOD is on board for the right reasons...? I find that the stock performance is way out of proportion to anything related to PK.
Since the overriding concern I hear on this blog relates to the company's management, I want to post some public-domain quotes here for us to consider:
"Maxim Finskiy of Kirkland commented, ”As a mining executive I am focused on the ability of a company’s management to ramp up production while controlling costs. After our due diligence process we concluded that Century has the management skills to execute, and this is why we have made the investment in the company. Further, in our quest to build a new mid-tier gold company, we were looking for management that has the skills to significantly grow the company through acquisitions. It is our view that the Century management team has the requisite collective experience in acquiring, building and running major operations to facilitate achievement of this goal.” SEDAR filing/news release of 04Jan10
"Kirkland is beneficially owned by Maxim Finskiy. Mr. Finskiy is Chief Executive Officer of MMC Intergeo Managing Company, the mining and exploration arm of the private Russian conglomerate Onexim Group, which is Russia’s largest investment fund with US$25 billion in assets. Gravity is the personal investment vehicle of Fran Scola. Mr. Scola is a partner at LFM Partners, a partnership with extensive investments in the natural resources sector. "
"A shareholders agreement has been entered into with Kirkland and Gravity covering board representation, operating committee representation, first rights of refusal on future equity issuances and other associated matters. Under the agreement Kirkland and Gravity have the right to nominate two of the five directors of the Company and as soon as possible the Company's Board will endeavor to retain an independent chairman. " SEDAR Material Change Report 07Jan10 and finally,
"Century Mining Corporation (“Century” or the “Company”) (TSX-V: CMM) is pleased to announce the appointment of Fran Scola and William Lamarque to the Board of Directors. As part of the recent equity closing, announced on January 4, 2010, Ross Burns, Ricardo Campoy, Allen Ambrose have resigned from the Board. Mr. Burns has retired and Mr. Campoy will continue to act as an advisor to the Board, along with Mr. Keith Hulley, who has been newly appointed. The Board advisors will be actively involved with the Board of Directors." SEDAR News Release 12/Jan10
Now, if one follows the career of Mr. Scola,one discovers pretty quickly that he has no patience with poor management. His own insiders at Ecometal, when caught with their fingers in the till, have been shown the door in no uncertain terms (well, except Mr. Keith Hulley). I think we can have some faith that he and the current CMM management have very similar visions for the company. Now...what do the rest of you think those visions might be? I have my take, but one voice does not a consensus make.
9 comments:
I think they could have done a much better job of the 15s ad. I would prefer to see a video rather than a photo slide.
Well, the shots make good impact, for all their lack of motion. How much can you actually get into 15 seconds, anyway? I'll be more interested in seeing the analysts' reactions to yesterday's tour. Interesting notes from Space - the photo changed from yesterday to today. Definitely some rock being moved out on the mine, and a parking lot full. Looks like somebody's working...makes me want to grab my screens and go rock-hunting!
Hey Chillby,
I'd like to follow those Sat photos too! Could you please post a link.
Thanks :)
Go to Google Earth and type in Val D'Or, Quebec...it helps if you have a government or subscribed account, so far as the timing and resolution goes. 5000 feet up is about all the clear detail you can get on the public domain. Still quite useful, just the same. You'll need a bit of room on the hard drive to install-still, its the only way I know to get airsick without going up...!
Good luck...and by the way, are we sure that every member of the BOD is on board for the right reasons...? I find that the stock performance is way out of proportion to anything related to PK.
Since the overriding concern I hear on this blog relates to the company's management, I want to post some public-domain quotes here for us to consider:
"Maxim Finskiy of Kirkland commented, ”As a mining executive I am focused on the
ability of a company’s management to ramp up production while controlling costs. After
our due diligence process we concluded that Century has the management skills to
execute, and this is why we have made the investment in the company. Further, in our
quest to build a new mid-tier gold company, we were looking for management that has
the skills to significantly grow the company through acquisitions. It is our view that the
Century management team has the requisite collective experience in acquiring, building
and running major operations to facilitate achievement of this goal.”
SEDAR filing/news release of 04Jan10
"Kirkland is beneficially owned by Maxim Finskiy. Mr. Finskiy is Chief Executive Officer of
MMC Intergeo Managing Company, the mining and exploration arm of the private
Russian conglomerate Onexim Group, which is Russia’s largest investment fund with
US$25 billion in assets. Gravity is the personal investment vehicle of Fran Scola. Mr.
Scola is a partner at LFM Partners, a partnership with extensive investments in the
natural resources sector. "
"A shareholders agreement has been entered into with Kirkland and Gravity covering
board representation, operating committee representation, first rights of refusal on
future equity issuances and other associated matters. Under the agreement Kirkland
and Gravity have the right to nominate two of the five directors of the Company and
as soon as possible the Company's Board will endeavor to retain an independent
chairman. "
SEDAR Material Change Report 07Jan10
and finally,
"Century Mining Corporation (“Century” or the “Company”) (TSX-V: CMM) is pleased to
announce the appointment of Fran Scola and William Lamarque to the Board of
Directors. As part of the recent equity closing, announced on January 4, 2010, Ross
Burns, Ricardo Campoy, Allen Ambrose have resigned from the Board. Mr. Burns has
retired and Mr. Campoy will continue to act as an advisor to the Board, along with Mr.
Keith Hulley, who has been newly appointed. The Board advisors will be actively
involved with the Board of Directors."
SEDAR News Release 12/Jan10
Now, if one follows the career of Mr. Scola,one discovers pretty quickly that he has no patience with poor management. His own insiders at Ecometal, when caught with their fingers in the till, have been shown the door in no uncertain terms (well, except Mr. Keith Hulley). I think we can have some faith that he and the current CMM management have very similar visions for the company. Now...what do the rest of you think those visions might be? I have my take, but one voice does not a consensus make.
Don't believe 'em when they say your post is too big...it posts anyway...
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