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


To: NYBob1 who wrote (482)2/22/2008 9:03:02 AM
From: hubris33  Respond to of 545
 
Hi Bob,

I think CMM has a long way to go to restore investor confidence. They have not hit production guidance on any occasion. Now it appears as though cash is critical and since the Lamaque operation will not be CF positive for a couple of quarters at the best one has to wonder how CMM keeps going.

I know that CMM raised funds last year for the San Juan upgrade, but like the money Wega put into CMM, on has to wonder if that cash went into the holes in the ground in Quebec.

Perhaps I am missing something in this analysis? If CMM could produce reach 100,000 opy level, hit production targets and make a decent profit it would be a good play. Until they demonstrate some consistency at such I think the market will continue to punish CMM.

H3