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

To: FreedomForAll who wrote (260)	10/26/2006 6:20:52 PM
From: HotnSpicy	Read Replies (1) \| Respond to of 545

This is simply a response from the horrendous CC . Ms Kent was unsure how the Poderosa deal was to be structured. It came off as unprofessional/incompetent. I expected her supposed "deal making" experience to have plenty of off the cuff pat answers to deal with the questions about how the deal was to be funded. This deal raised many more questions than it answered in my mind. It wasn't so much the desirability of Poderosa (it seems a decent well run mine) but the necessity/desirability of doing the deal now, with shares that were (then) grossly undervalued, even according to her. After hearing that Sigma suddenly will take twice as long to get waste in the pit caught up than we were told just weeks earlier in the Q2 CC, and to learn that little, if anything was going on at SJ, coupled with higher cash costs, coupled with delays and lowered guidance at Lamaque, it was a spectacular flop of a sell job to shareholders. All the our well founded worries about being unable to meet guidance came to the fore once again. And then add in some more debt and dilution at these low levels and Ms Kent only highlighted shareholder scepticism over how and where this company is going. We thought we were sandbagged at the Q2 CC. There was little patience with being sandbagged just weeks later with more excuses and delays and under performance. Personally, this selling strikes me more like tax loss selling "and throw the baby out with the bath water" type of response, rather than a rational response to what she is doing. But that's what makes a market when you've over promised and under performed yet again...