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And for the record, we'll be voting NO. If Max does what he did at Apex, he'll destroy the company anyway- and any creditors out there will get ZERO. When do we start lynching people like this?
A conference call to discuss the transaction will be held at 2:00 p.m. EDT time (11:00 a.m. PDT time) on Tuesday, March 15, 2011 to provide shareholders, securities analysts, and investors the opportunity to hear the management of both Century and White Tiger discuss the Business Combination outlined herein.
Mining analysts, investors and the media are invited to dial toll-free 1-888-942-9044 in Canada and the United States, or 1-517-308-9426 from international locations (normal toll rates do apply) and state the verbal passcode "CenturyMining". The presentation will be followed by a question and answer period.
The conference call will be available on the Century Mining website at www.centurymining.com via a downloadable audio file.
Wonderful, looking forward to this conference. Share holders need to speak up and let them know how we feel about this rip-off deal they are trying to squeeze down our throats.
It would be great if someone would do us all a BIG FAVOR and record the Conference Call event. Items like this tend to NOT be retained when the BOD can not be trusted to look after the stockholder’s best interest. Such a sneak underhanded ploy may have worked in Russia but it is NOT going to prevail here.
I am a tiny investor with my 17k shares. What I hope is that one of the big guys on these boards who is very articulate hit them with the hard questions to see how they fare. Its one thing to release a PR in a news release but another to be confronted live by angry shareholders.
The only ones knowing the true value of a Century share are also the ones that have suppressed new information since Mrs Kent left. No news on resource increases, Bedard Dyke and future exploration on the property and below currently mined levels. However from the manufactured price of WTG and the conversion rate, we can deduce that they think an equivalent offer of $1.85would be accepted. The money isn't there, so instead they offer WTG paper. $4.50x .4= $1.85 The directors have been told to promote only this version. There is that clause that states not to promote other offers and so not to provide full information so that others may win Century. There is that penalty of about $13million.This should be illegal. Breach of fiduciary duty to all the shareholders comes to my mind.
Can anyone explain the potential effect or significance of organizing a 5% dissident block of minority shareholders. I've read it a couple times and remain uncertain as to the change this type of unified group could effect on the deal. Any thoughts?
Sorry but can someone tell me if the CMM shareprice will get closer to the $1.80 upto/after the vote? Is it at 0.67 because not many are approving of the merge? I would let go of my shares for $1.80 but when do the CMM shareholders get the $1.80 per share? What happens if the merger falls through? Back to 45c?
If we are getting Agnico-Eagle, Aurizon or for that matter, Osisko shares valuing CMM at $1.80 at this stage, I believe most of us are already toasting n singing praises by now. Unfortunately WTG is not deemed to be in the same league. In fact the WTG paper is looking more like a piece of inflated fiat currency. SO IT IS NOT A SURPRICE THINKING INVESTORS HAVE LOW REGARD N LOW CONFIDENCE IN ITS WORTH.
With CMM now at $0.67, it is clear that investors are not keen with the WTG paper. Several possibilities my surface including a collapse of the deal but on balance I would like to see a strong one who is bright and shrewd enough to see the money steps in with a counter bid. Not to save us retailers BUT FOR THE MONEY!
Wingfong, at this point I would accept 0.025 Agnico-Eagle share for 1 CMM, although they could probably afford to pay cash upfront. I'm sure I'm not the only one who feels this way.
I would like the following questions being asked in the CC 1) Are those mine, mining properties in Russia really exist n owned by WTG? Why is there no website n information regarding these properties so that we investors may use them to make our assessments?
2) Why is $1.80 in cash for one CMM share not being offered?
1. What percentage of CMM does Finskiy, Scola and other directors of CMM control ?
2. If the merger fails, will there be a 'scorched earth' policy to the bridge loan - will it be removed leaving CMM with no money and hence virtually bankrupt ?
3. Why in the conference call of February 4th did Daniel Major CEO assure shareholders that January tonnage was ahead of schedule and things were in good order, when on February 8th he borrowed $800,000 in an emergency bridge loan not disclosed to the market to keep the company solvent ?
4. When will the MD&A be available to explain exactly where the cash at bank and earned income have gone between Sep 30 2010 and Feb 8th 2011 ?
5. Daniel Major has been in the employ of Finskiy and Scola since 2006. Would he like to justify the payment of 3,000,000 stock options on Jan 4th 2011, worth a profit of approx $600,000 as at today for 2 months work ?
Suggest you take a look at the Annual Information Form for WTG - it is posted on SEDAR. Look for the date 12/29/2010. [Maybe Carib could post a link to the doc here as he did with CMM's Lamaque DD docs?]
1A. Yes, those properties were transferred to WTG:
On December 13, 2010, White Tiger Gold entered into the Acquisition Agreement, pursuant to which it completed the Acquisition and indirectly acquired, through its wholly-owned subsidiaries, all of UK DZM’s interest in the OpCos in exchange for 85,000,000 WTG Shares. Immediately following completion of the Acquisition, there were 89,800,000 WTG Shares issued and outstanding on a non-diluted basis. On completion of the Acquisition and pursuant to the Director Resolution, each of the members of the Incumbent Slate resigned as directors of White Tiger Gold and the members of the New WTG Slate became the directors of White Tiger Gold.
There is additional info in the document:
For additional information concerning the OpCos, including details regarding their corporate structure, business, management, the audited financial statements of the OpCos for the three years ended December 31, 2009, 2008 and 2007 (and related management discussion and analysis) and the comparative interim financial statements for the three and nine months ended September 30, 2010 (and related management’s discussion and analysis), see Appendix “A” – OpCos Information Brochure attached hereto.
1B. I don't know why WTG doesn't have a website, however, the information is out there - it is just on SEDAR.
2. WTG probably didn't offer cash because they don't have $727 Million of cash laying around (407 CMM shares OS * $1.80).
Firstly, the WTG/CMM merger proposal/deal. This will be accepted/rejected on its merit and by majority vote whichever way it goes.
Secondly, and starting to gain prominence is the credibility, trust, ethnicity of Daniel Major. On Feb. 4, he was my knight in shining armour and I was prepared to breathe easier and step back and let him play his magic. On March 8 and beyond he has proven himself as a man not to be trusted, does not respect and feel responsible to ALL shareholders, his integrity is compromised by his actions, he is not a leader, his "mining engineering" competance is to be challenged. In other words, he has lost our confidence. I think it only correct that no matter what happens in the present battle, he should step aside and I continue to ask for his resignation. He may feel that with the support of Messrs. Scola and Finskiy he is impervious to an attack on him ..... I wouldn't be so cock sure Daniel, I wouldn't be so cock sure.
The streets of business are strewn with the victims who think like you.
20 comments:
And for the record, we'll be voting NO. If Max does what he did at Apex, he'll destroy the company anyway- and any creditors out there will get ZERO.
When do we start lynching people like this?
Conference Call
A conference call to discuss the transaction will be held at 2:00 p.m. EDT time (11:00 a.m. PDT time) on Tuesday, March 15, 2011 to provide shareholders, securities analysts, and investors the opportunity to hear the management of both Century and White Tiger discuss the Business Combination outlined herein.
Mining analysts, investors and the media are invited to dial toll-free 1-888-942-9044 in Canada and the United States, or 1-517-308-9426 from international locations (normal toll rates do apply) and state the verbal passcode "CenturyMining". The presentation will be followed by a question and answer period.
The conference call will be available on the Century Mining website at www.centurymining.com via a downloadable audio file.
Thanks. I got so disgusted this morning reading the NR that I never made the bottom.
should be interesting to hear everyone with a large stake speak up, this is your chance to let them know where you stand on the deal.
Wonderful, looking forward to this conference. Share holders need to speak up and let them know how we feel about this rip-off deal they are trying to squeeze down our throats.
It would be great if someone would do us all a BIG FAVOR and record the Conference Call event. Items like this tend to NOT be retained when the BOD can not be trusted to look after the stockholder’s best interest. Such a sneak underhanded ploy may have worked in Russia but it is NOT going to prevail here.
I am voting a BIG NO with my meager 220K shares.
I am a tiny investor with my 17k shares. What I hope is that one of the big guys on these boards who is very articulate hit them with the hard questions to see how they fare. Its one thing to release a PR in a news release but another to be confronted live by angry shareholders.
The only ones knowing the true value of a Century share are also the ones that have suppressed new information since Mrs Kent left. No news on resource increases, Bedard Dyke and future exploration on the property and below currently mined levels.
However from the manufactured price of WTG and the conversion rate, we can deduce that they think an equivalent offer of $1.85would be accepted. The money isn't there, so instead they offer WTG paper. $4.50x .4= $1.85
The directors have been told to promote only this version. There is that clause that states not to promote other offers and so not to provide full information so that others may win Century. There is that penalty of about $13million.This should be illegal. Breach of fiduciary duty to all the shareholders comes to my mind.
What does this part of today's News Release mean?
Conditions to Closing
Closing of the Business Combination is subject to certain conditions including:
Century shareholders holding no more than 5% of the outstanding Century shares having exercised dissent rights;
What are dissent rights? How do they work? Do we care?
Can anyone explain the potential effect or significance of organizing a 5% dissident block of minority shareholders. I've read it a couple times and remain uncertain as to the change this type of unified group could effect on the deal.
Any thoughts?
I personally think more than 5% CMM shareholders will be dissenting on this deal.
As for the White Tiger shareholders, I'm certain the THREE of them will vote Yes.
Sorry but can someone tell me if the CMM shareprice will get closer to the $1.80 upto/after the vote? Is it at 0.67 because not many are approving of the merge? I would let go of my shares for $1.80 but when do the CMM shareholders get the $1.80 per share? What happens if the merger falls through? Back to 45c?
If we are getting Agnico-Eagle, Aurizon or for that matter, Osisko shares valuing CMM at $1.80 at this stage, I believe most of us are already toasting n singing praises by now. Unfortunately WTG is not deemed to be in the same league. In fact the WTG paper is looking more like a piece of inflated fiat currency. SO IT IS NOT A SURPRICE THINKING INVESTORS HAVE LOW REGARD N LOW CONFIDENCE IN ITS WORTH.
With CMM now at $0.67, it is clear that investors are not keen with the WTG paper. Several possibilities my surface including a collapse of the deal but on balance I would like to see a strong one who is bright and shrewd enough to see the money steps in with a counter bid. Not to save us retailers BUT FOR THE MONEY!
Wingfong, at this point I would accept 0.025 Agnico-Eagle share for 1 CMM, although they could probably afford to pay cash upfront. I'm sure I'm not the only one who feels this way.
I would like the following questions being asked in the CC
1) Are those mine, mining properties in Russia really exist n owned by WTG? Why is there no website n information regarding these properties so that we investors may use them to make our assessments?
2) Why is $1.80 in cash for one CMM share not being offered?
Some excellent posts here. Could we
agree to use the best of the anonymous ones to read as comments
.. questions as the case may be.
Use some system to avoid repetition and comments of those identified here should properly remain with the authors.
Do not expect anything of substance from "them". Would be nice if we could get the press here.. 5th estate .. W5 people.
Questions :
1. What percentage of CMM does Finskiy, Scola and other directors of CMM control ?
2. If the merger fails, will there be a 'scorched earth' policy to the bridge loan - will it be removed leaving CMM with no money and hence virtually bankrupt ?
3. Why in the conference call of February 4th did Daniel Major CEO assure shareholders that January tonnage was ahead of schedule and things were in good order, when on February 8th he borrowed $800,000 in an emergency bridge loan not disclosed to the market to keep the company solvent ?
4. When will the MD&A be available to explain exactly where the cash at bank and earned income have gone between Sep 30 2010 and Feb 8th 2011 ?
5. Daniel Major has been in the employ of Finskiy and Scola since 2006. Would he like to justify the payment of 3,000,000 stock options on Jan 4th 2011, worth a profit of approx $600,000 as at today for 2 months work ?
Wingfong, some answers....
Suggest you take a look at the Annual Information Form for WTG - it is posted on SEDAR. Look for the date 12/29/2010. [Maybe Carib could post a link to the doc here as he did with CMM's Lamaque DD docs?]
1A. Yes, those properties were transferred to WTG:
On December 13, 2010, White Tiger Gold entered into the Acquisition Agreement, pursuant to which it completed
the Acquisition and indirectly acquired, through its wholly-owned subsidiaries, all of UK DZM’s interest in the
OpCos in exchange for 85,000,000 WTG Shares. Immediately following completion of the Acquisition, there were
89,800,000 WTG Shares issued and outstanding on a non-diluted basis. On completion of the Acquisition and
pursuant to the Director Resolution, each of the members of the Incumbent Slate resigned as directors of White
Tiger Gold and the members of the New WTG Slate became the directors of White Tiger Gold.
There is additional info in the document:
For additional information concerning the OpCos, including details regarding their corporate structure, business,
management, the audited financial statements of the OpCos for the three years ended December 31, 2009, 2008 and
2007 (and related management discussion and analysis) and the comparative interim financial statements for the
three and nine months ended September 30, 2010 (and related management’s discussion and analysis), see Appendix
“A” – OpCos Information Brochure attached hereto.
1B. I don't know why WTG doesn't have a website, however, the information is out there - it is just on SEDAR.
2. WTG probably didn't offer cash because they don't have $727 Million of cash laying around (407 CMM shares OS * $1.80).
We have two issues starting to emerge here.
Firstly, the WTG/CMM merger proposal/deal. This will be accepted/rejected on its merit and by majority vote whichever way it goes.
Secondly, and starting to gain prominence is the credibility, trust, ethnicity of Daniel Major. On Feb. 4, he was my knight in shining armour and I was prepared to breathe easier and step back and let him play his magic. On March 8 and beyond he has proven himself as a man not to be trusted, does not respect and feel responsible to ALL shareholders, his integrity is compromised by his actions, he is not a leader, his "mining engineering" competance is to be challenged. In other words, he has lost our confidence. I think it only correct that no matter what happens in the present battle, he should step aside and I continue to ask for his resignation. He may feel that with the support of Messrs. Scola and Finskiy he is impervious to an attack on him ..... I wouldn't be so cock sure Daniel, I wouldn't be so cock sure.
The streets of business are strewn with the victims who think like you.
FREDERICTON
What does DM's ethnicity have to do with this...?
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