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Gold/Mining/Energy : Century Mining Corporation -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (210)8/20/2006 4:51:34 PM
From: John McCarthy  Respond to of 545
 
LT -

from a bad memory -

postings on SH indicated that IR had said that we
were going after both Toronto and AMEX.

the timelines for both were kinda vague ....

based on this recent cc and postings on SH

(1) Toronto will happen ... (I don't know how many
more weeks) but soon.

(2) There were no comments or discussions about an
AMEX listing because (I am guessing) the revised
downward forecast was the front and center issue.

fwiw - if you go back to the 60's the way you acquired
companies was by having a very high P/E ratio and
then bought someone who you wanted but who had a very
low P/E ratio and then did a stock purchase based on the
ratio of the stock values of each company ....

i.e. you had to give up very little of your stock (dilute)
to acquire the company you were after

I only mention this because I *assume* this is the
route Peggy will go .....

and therefore - she *needs* to have cmm on the AMEX
in order to generate that higher P/E ratio.

of course,
it goes without saying - I could be all wet in this thinking
but this is why I have always assumed cmm would be
on the AMEX ....

said another way -
why would AZK and MNG be on the amex - and not - CMM
it would make no sense to me - BUT I have *certainly*
been wrong about things before ....

did not mean to be so long-winded ....

regards,
John



To: loantech who wrote (210)8/26/2006 2:39:54 PM
From: HotnSpicy  Read Replies (2) | Respond to of 545
 
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.