Central Sun Mining Inc fka SMC

[BearNine]

Because this company is up on hype, the news is only a prediction of future profits, sketchyyyy.

[peewee]

Central Sun Mining has merged with B2Gold Corp.
You will now be automatically forward to the new website.
or click here

Thank-You.


http://www.b2gold.com/

[peewee]

Damn...looks like everybody cashed out too early here..LOL....
you never know...hehe

[peewee]

Damn, i should not have sold 60% of my holdings here...LOL...rest of shares i keep for the "fusion"
Nice flight until today...

[peewee]

[Riot Act]

No kidding, this baby is good for %12-15 a day!

[peewee]

The two stocks run really same pattern now...LOL...should have bought LRR aswell..hehhehe

[peewee]

Your Gem is really shining bright !

[chartman2000]

Wants to keep running...eom

[potentiallydangerous]

Thank you.

[peewee]

Added Charts to the ibox SMC + LRR.TO 1 Year Weekly / 6 Month Daily

[peewee]

Frankfurt UP 0,256 € +19,06%

[peewee]

http://www.lineargoldcorp.com/images/userfiles/File/CSM-LRR_Presentation_V14-_Conference_Call.pdf

[peewee]

http://centralsun.ca/pdfs/CSM-LRR_Presentation_V14-_Conference_Call.pdf

[Riot Act]

Why is the bottom falling out? eom

[peewee]

LINK BACK TO LRR.TO CHART !!!!!!!!!!!!!!!!!
Something is up !!!!!!!!!!

[potentiallydangerous]

If you like NT you might like SONS

[potentiallydangerous]

Looks promising- I'm looking to buy the TBond short etf TBT just starting to move up.

[peewee]

http://www.ariva.de/quote/simple.m?secu=159755

[Mr. Zen]

So here is a question for anyone, if the Business Combination of Linear Gold and Central Sun Mining goes through, which exchange will the combined company be listed on

Central Sun is listed as CSM on the Toronto, SMC is on the Amex, Linear Gold is listed as LLN is on the Toronto and as LGCFF on the grey sheets

So is it a grey sheets or amex in the US?????

still have a .TO in Canada...

[peewee]

i sold off a bit less than 1/2 of my SMC today riding on freebies now...i feel good about that !
Added NT and bought YRCW for the next 100% gainers to own freebies...LOL !! Hope it works out

[potentiallydangerous]

Wm %R is a dumb indicator the freaking stock is just breaking out of a base and Wm %R looks overbought. Stupid. I'm not calling you stupid I use it too I just don't think it's always that helpful.

[peewee]

LRR.TO

[peewee]

[potentiallydangerous]

LRR .86 Canadian looking better.

[potentiallydangerous]

SMC looks stronger than LRR I wonder if a competing bid would come in from somewhere. Compared to the takeover of OZN where IAG stock moved up more and OZN has lagged a litle, it seems odd that Linear Gold hasn't moved up more.

[Riot Act]

Rallying - Trying to close up for the 3rd straight day!

[peewee]

Thanks..
Survival Strategies – Linear and Central Sun

The major exception to that rule is Canadian junior mining companies which are willing to (or forced to for lack of options) accept flow-through financings. Flow-through provides tax incentives for Canadian resident investors who are able to deduct the full amount invested from their income for the year. Companies receiving the investment can only use flow-through funds for “in-the-ground” expense, meaning none can be used for administrative costs.

Only companies with properties in Canada qualify. Excessive flow-though financing places downward pressure on share prices, because there is a strong incentive to blow out flow-through shares at any price, since the Adjusted Cost Base of a flow-through share is essentially $0.

Many investors don’t fully understand that Flow-through financings represent a major disadvantage to other investors in the same company who do not reside in Canada. This is why amalgamation is the only survival path available to some companies who have either already diluted their share structure excessively through flow-through offerings, or whose properties are not in Canada.

Yesterday’s announcement by Linear Gold (LGCFF.PK) and Central Sun Mining Inc. (SMC) describing an agreement by the two companies to merge is exemplary of how companies stagnating due to the tough financing environment will move forward intact.

The new company will provide shareholders with exposure to 45,000 ounces per year in gold production from Central Sun’s Limon mine in northwestern Nicaragua, building to 130,000 annually upon completion of a mill at the Orosi project, also in Nicaragua. The new company will continue under the Linear name, and will have US$20 million in cash. Central Sun shareholders will receive 0.4 of a Linear share which will put Linear’s issued and outstanding to just over 51 million.

[potentiallydangerous]

http://seekingalpha.com/article/112593-new-trend-for-emerging-gold-producers-amalgamation

[peewee]

TY !!!!!!!!

[peewee]

WHEEEEEEEE !

[Riot Act]

Yahoo Finance 1yr Target Est = $2.30



I know these are alway the most accurate, but still points towards good things to come.

[Riot Act]

REMINDER: Conference Call 1/6/2009 @ 2:00 EST

A conference call will be held on January 6th, 2009, 2:00 p.m. (Toronto time) to discuss this Transaction. An investor presentation outlining the Transaction will be made available on the Linear Gold and Central Sun websites on or before January 6th, 2009. Please use the following information to access the call:

Dial in: 416-695-9753

Toll Free: 1-877-461-2814

There will be a question and answer session following management presentations during the call.

[Riot Act]

NEWS 12/29/2008: Linear Gold and Central Sun Mining Announce Business Combination

TORONTO, ONTARIO--(Marketwire - Dec. 29, 2008) -

The Combined Company will have:

- Initial Production of Approximately 45,000 Ounces of Gold per Year Increasing to 130,000 Ounces of Gold per Year Following Completion of the Orosi Mill Installation in 2009; and

- Approximately US$20.0 Million in Cash and Cash Equivalents

- 726,700 ounces of gold in Proven and Probable Reserves, 1,114,000 ounces of gold in Measured and Indicted, and 861,200 ounces of gold in Inferred Resources

Linear Gold Corp. (TSX:LRR) ("Linear Gold") and Central Sun Mining Inc. (TSX:CSM)(NYSE ALTERNEXT US:SMC)("Central Sun" or "CSM") are pleased to announce that they have signed a letter agreement whereby Linear Gold will acquire all of the outstanding common shares of Central Sun in exchange for common shares of Linear Gold (the "Transaction"). Pursuant to the Transaction, CSM shareholders will receive 0.4 Linear Gold common shares for each CSM common share held.

Wade Dawe, President and Chief Executive Officer of Linear Gold, stated, "We believe this transaction is an attractive opportunity to acquire a portfolio of gold assets which includes the Limon Mine, currently producing approximately 45,000 ounces of gold per year, the Orosi Mine, with planned production of approximately 85,000 ounces of gold annually following a nine month construction period, and the highly prospective Mestiza-La India Property, which represents a potential high grade development opportunity for the future. Together, Linear and Central Sun plan to pursue a growth strategy focused on building an aggressive and very profitable gold producer."

Stan Bharti, the Chairman of Central Sun, commented, "We believe that the combination of Central Sun and Linear Gold will form the basis for the next intermediate gold producer. The combined company brings together gold production, potential near-term production expansion, financial resources and an experienced management team. The combined company will be well positioned to leverage continued strength in the price of gold in 2009."

[peewee]

Whoohooo....

[Riot Act]

The market seems to be reacting positive. Up 30% for the second straight day.

[peewee]

I also wondered...we have to wait for next week to see how they match against each other.

[potentiallydangerous]

If Linear Gold goes up will that bring SMC up, too? The TSE must have been closed on Friday as LRR didn't trade.

[peewee]

Do you see that wacko tobacco ??? LOL !

Weekly

[Riot Act]

That's the plan. Merry Christmas

[peewee]

Ok...leave it for today..HAPPY X-MAS !!!!!!!!!!!

[Riot Act]

Yeah, I have not yet done my DD on the situation or on LG. However, I liked SMC and I can only hope that LG saw the same positives.

[peewee]

ok...hm...maybe its a good deal for anybody who came in here lately at low prices..this all needs more DD but i feel save when i compare the PPS prices and know that the other company got less than 30mill shares O/S

[Riot Act]

Yup

[peewee]

oh...hm...maybe because of the deal ?

[Riot Act]

LLR suspended trading today as well. Have to wait and see what happens.

[peewee]

Heh....erm....i just let my shares and waitn whats coming...sounds interesting !

[peewee]

http://www.lineargoldcorp.com/content/Management_Team

[peewee]

Linear Gold Corp is committed to maximizing shareholder value through a gold focused strategy, responsible mineral exploration, sound business practices and diversified risk management through selective, well funded partnerships.


LINEAR'S SUCCESS

Linear's most advanced projects in Mexico and Dominican Republic are fully funded with solid partners, Kinross Gold and Everton Resources.


Strong financial position - $24 million in treasury, only 27.9 million shares outstanding and debt free.


Strategically positioned for growth and acquisition opportunities with a focus on gold.


Management team has a solid reputation and experience in mining, exploration and corporate finance. They are entrepreneurial and innovative.




Linear Gold Corp trades on the TSX under the symbol “LRR”.

TSX:LRR

Linear Gold Corp Fact Sheet (November, 2008)
http://www.lineargoldcorp.com/images/userfiles/File/Linear%20Gold%20Fact%20Sheet%20FINAL%20november%202008.pdf

[peewee]

http://www.lineargoldcorp.com/