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Gold/Mining/Energy : Centurion Gold --CGHI-- -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (318)10/19/2005 5:38:59 PM
From: Moominoid  Read Replies (2) | Respond to of 460
 
5.5 Brtisih pennies I guess. UK stocks are quoted in pence.



To: RealMuLan who wrote (318)10/21/2005 2:40:38 PM
From: ecmfw6  Read Replies (1) | Respond to of 460
 
On the Fundy deal - your math is wrong.

There _were_ about 176M shares (not 100M) of CGHI outstanding in July, when the transaction reported in the last 8K/A filed occurred.

I do not know if that the 176M number includes the 22.5M shares from the transaction.

There will most likely be tens of millions of more new shares for this screwball Alaska gamble.

Also, Fundy's share price will probably take a big hit when those new 20M shares are issued. There are only about 36M shares outstanding now.



To: RealMuLan who wrote (318)10/21/2005 2:49:36 PM
From: ecmfw6  Respond to of 460
 
The Fundy deal means NO buyout can happen.

The Fundy deal gives Fundy the _exclusive_ right to buy CGHI's stake in the Naboom (for all of $17M). This property accounted for $2B of the $5B in assets Dale Paul claimed that CGHI controlled. Hence, the Minmet deal (which was valued at $151M) must be dead.