Yes, CMM is looking for an AMEX listing. TSX and AMEX have an arrangement that allows for dual listings. But AMEX also usually requires a stock to trade at $2 before they allow that to happen. They can waive that req't if they wish.
As an example, when Desert Sun listed on the AMEX, it was around $1. And I bought my first shares for $0.95 right after they listed, so I'm positive an AMEX listing is possible at current prices. But I have my doubts if CMM trades less than US$1. AMEX doesn't need junk stocks like CMM. They have enough already, lol.
I don't think getting on either exchange will do a damn bit of good in and of themselves. CMM needs to get Sigma running smoothly. And I don't consider getting just 85,000 oz (or even 90,000) qualifies as smooth running. (Original guidance for Sigma was 110,000 in '05 - now it's 85,000 with a bigger, modern fleet and an expanded mill?)
If CMM had just cut the crap, used some common sense, and issued low ball guidance from the start, the market would pay up for a company that under promises and over performs.
They way they've gone about it has destroyed their credibility. Who will ever fully trust another PR that comes from CMM again? I know I will scrutinize the language carefully and assume that any potentially bad interpretation is the correct interpretation.
I am thoroughly disgusted the way they have handled matters. |
