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Gold/Mining/Energy : Century Mining Corporation

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From: hubris337/22/2008 8:01:13 PM
   of 545
 
WOW! Just listened to the CMM Conference Call replay - Anybody else hear a death rattle?

Replay is available through Friday, July 25 by dialing 1- 866-381-6855, or from outside North America 1- 203-369-0360.

"Highlights" included:

Kent, "Company is in survival mode."

Kent does not expect MRI bridge financing to materialize.

CMM is looking for another bridge lender.

Kent, "If we do not get bridge funding soon the company will have to suspend all operations."

CMM management has not been paid in several months.

The "BIG trucks" (used at Sigma Pit) were seized by the truck vendor.

CMM is looking to sell assets to raise cash: physical assets like Milling Equipment, and, exploration properties like Colina Dorada in Peru or "operations."

H3
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