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this is now Mangazeya Mining.
still WHTGF
TSX:WTG 64% up undervalued gold mine
Prokhorov's Intergeo seeks IPO or share placing-sources
MOSCOW | Fri Feb 1, 2013 12:33pm GMT
Feb 1 (Reuters) - Russian billionaire Mikhail Prokhorov's mining company Intergeo is looking to launch either a private placement or an initial public offering of stock in Toronto, two sources said on Friday.
The company is preparing for an IPO before the summer, one source said, while a second said it is seeking a private placement with up to three Russian investors to raise around $200 million, while an IPO would depend on the market.
Prokhorov, who built his fortune in metals and mining, is also close to a deal to sell his Onexim company's 38 percent stake in Russia's biggest gold miner, Polyus Gold, sources have said.
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The tycoon, who has a fortune estimated by Forbes magazine at $13 billion, lost out to Vladimir Putin in last year's presidential elections and has said he will step back from business in order to focus on politics.
Intergeo, which Prokhorov owns with former Norilsk Nickel executive Maxim Finsky, filed a preliminary IPO prospectus with Canadian regulators last May.
The company was set up in 2008 by Onexim to develop 11 large fields containing copper, nickel, molybdenum, titanium and platinum group metals - assets that it acquired in Prokhorov's business breakup with former partner Vladimir Potanin.
Potanin initially challenged the asset transfer, orchestrated by Finsky, but these claims faded and Prokhorov went on to secure near complete control of the company in September 2011.
Questions surrounding the creation of Intergeo caused a delay to a merger of Canada's White Tiger Gold and Century Mining, in which Finsky had secured control, but which was eventually completed.
The banks leading the Intergeo offering are Morgan Stanley and BMO Capital Markets, according to the company's May IPO announcement.
Intergeo and Onexim declined comment.
http://uk.reuters.com/article/2013/02/01/russia-intergeo-idUKL1N0B116U20130201
great i read that
They have a huge deposit in Russia world class!
WTG was up 88% today. undervalued gold stock
TSX:WTG
Current Price
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TSX:WTG Detailed Quote Wiki
http://www.fpinfomart.ca/fpsn/snap_display.php?key=fp%7Cfpsn%7C89831
White Tiger Gold Ltd. (WTG)
Exchange: Toronto Stock Exchange
$0.340 Apr 23, 2012, 3:58 PM EDT
Change: -0.035 (-9.33%)Volume: 217,150
White Tiger Gold and Century Mining Complete Business Combination
http://www.marketwire.com/press-release/white-tiger-gold-and-century-mining-complete-business-combination-tsx-wtg-1576066.htm
TORONTO, ONTARIO--(Marketwire - Oct. 20, 2011) - White Tiger Gold Ltd. ("White Tiger") (TSX:WTG) and Century Mining Corporation ("Century") (TSX VENTURE:CMM) are pleased to announce the completion of their previously announced business combination (the "Business Combination").
Under the Business Combination, White Tiger and Century combined by way of a plan of arrangement (the "Plan of Arrangement"), resulting in 7918534 Canada Inc. ("AcquisitionCo"), a wholly-owned subsidiary of White Tiger, acquiring all of the issued and outstanding common shares of Century (each, a "Century Share"). The Business Combination was approved by the Ontario Superior Court of Justice on September 26, 2011 and by the Government of Canada, under the Investment Canada Act, on October 12, 2011. As previously announced by each of White Tiger and Century, the Business Combination was approved at special meetings of the shareholders of each of White Tiger and Century held on September 13, 2011.
Pursuant to the Amended and Restated Arrangement Agreement dated as of August 9, 2011, among White Tiger, Century and AcquisitionCo, and the Plan of Arrangement, each Century Share issued and outstanding immediately prior to the closing of the Business Combination, other than Century Shares held by dissenting shareholders, was exchanged for either 0.4 of a White Tiger common share (each whole common share, a "White Tiger Share") or 0.4 of an exchangeable share in the capital of AcquisitionCo (each whole exchangeable share, an "Exchangeable Share"). The Exchangeable Shares are exchangeable into White Tiger Shares, on a one-for-one basis, at any time upon the election of the holder thereof and will be automatically exchanged in certain circumstances up to five years after issuance. Each Exchangeable Share carries, to the extent practicable, economic and voting rights equivalent to those of a White Tiger Share.
Upon closing of the Business Combination ("Closing"), 181,391,031 White Tiger Shares and 6,093,688 Exchangeable Shares were issued to Century shareholders. White Tiger has reserved an additional 19,683,218 White Tiger Shares for issuance upon exercise of the convertible securities of Century that were outstanding immediately before Closing. Including the 181,391,031 White Tiger Shares issued in connection with the Business Combination, White Tiger has 296,821,246 White Tiger Shares outstanding on an undiluted basis, and 322,598,152 White Tiger Shares outstanding on a fully diluted basis. White Tiger Shares, including the White Tiger Shares issued in connection with the Business Combination, are listed on the Toronto Stock Exchange (the "TSX"). Trading of the Century Shares on the TSX Venture Exchange was halted prior to market open today and such shares are expected to be voluntarily de-listed from the TSX Venture Exchange following the close of markets on October 21, 2011.
Following the completion of the Business Combination and the issuance of the White Tiger Shares and Exchangeable Shares pursuant thereto, Mr. Maxim Finskiy, the Executive Chairman and a director of White Tiger, through two companies wholly-owned by him, beneficially owns and/or exercises control or direction over 129,765,294 White Tiger Shares, or approximately 44% and 40% of the total number of issued and outstanding White Tiger Shares on a non-diluted and fully diluted basis, respectively.
About White Tiger Gold Ltd.
White Tiger Gold Ltd. is a TSX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation. White Tiger Gold Ltd. currently operates the Savkino heap leach gold operation located in southeastern Siberia. Plans are underway to expand gold production at Savkino and to develop a second gold-copper mine at its Nasedkino property situated in Chita Region in southeast Siberia. In addition to Ildikan, Nasedkino/Uryum and Pridneprov, White Tiger Gold Ltd. also holds gold exploration licences in Zolin-Arkinsk and Takhtamygda which are prospective geological environments in south central Siberia.
About Century Mining Corporation
Century Mining Corporation, now an indirect wholly-owned subsidiary of White Tiger Gold Ltd., is a Canadian gold producer and holds strategic land positions in Canada, the United States and Peru. Century Mining Corporation's strategy is to grow to its gold production through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
Caution Concerning Forward-Looking Information
This news release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws including with respect to the Business Combination, the terms and conditions of the Exchangeable Shares, the voluntary de-listing of the Century Shares and White Tiger's plans to expand production at Savkino and develop a mine at Nasedkino. Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology are used to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management of each of White Tiger and Century (each, a "Company" and together, the "Companies") in light of their respective experience, current conditions and their expectations of future developments as well as other factors which they believe to be reasonable and relevant.
Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to: the speculative nature of mineral exploration and development, including the uncertainty of mineral reserve and resource estimates; changes in equity and debt markets; inflation; uncertainties relating to the availability and costs of financing needed to complete exploration activities; exploration costs varying significantly from estimates; delays in the exploration and development of, and/or commercial production from, the properties in which the Companies have an interest; unexpected geological or hydrological conditions; operational and technical difficulties, including the failure of major mining and/or milling equipment; the availability to the combined company of suitable financing alternatives; the ability of the combined company to service the Companies' existing debt facilities; fluctuations in gold and other commodity prices; the existence of undetected or unregistered interests or claims, whether in contract or in tort, over the property of the Companies; success of future exploration and development initiatives; competition; operating performance of facilities; environmental and safety risks, including increased regulatory burdens, seismic activity, weather and other natural phenomena; inability to, or delays in, obtaining necessary permits and approvals from government authorities; risks relating to labour; and other exploration, development and operating risks; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from the combined company's activities in South America and Russia; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in Century's annual and quarterly Management's Discussion and Analysis, in White Tiger's Annual Information Form dated March 30, 2011 and annual and quarterly Management's Discussion and Analysis and in other filings made by both Companies with Canadian securities regulatory authorities and available at www.sedar.com.
Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Companies disclaim any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Companies believe that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
White Tiger Gold Ltd.
Joanna Longo, Terre Partners
+1 (416) 238 1414 (ext 233)
jlongo@terrepartners.com
Century Mining Corp (CMM)
0.25 ? 0.0 (0.00%)
Volume: 0 @- ET
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TSX:CMM Detailed Quote Wiki
Drawing a Line in the Sand!
Please read the following and help fight this!
http://agoracom.com/ir/CenturyMining/forums/discussion/topics/498269-drawing-a-line-in-the-sand-money-needed-to-fight-another-predatory-takeover/messages/1589681#message
MY Vote Is NO to the takeover deal....
Century Mining Corp. (CMM)
0.26 ? 0.0 (0.00%)
Volume: 144,560 @ 3:58:17 PM ET
Bid Ask Day's Range
0.25 0.26 0.25 - 0.26
TSX:CMM Detailed Quote
WTG Merger Still Sucks Big Time......
Nothing more to say....
Colina Dorada
Location Map
Century Mining Peru's Colina Dorada Property is located in northern Peru. The project covers a 60 km2 area located approximately 130 kilometers northeast of the city of Piura in the District of Las Lomas, and is situated in low foothills on the border with Ecuador along the Rio Chirra. The region is very dry, characterized by low scrub brush and cactus, and is sparsely populated.
The Colina Dorada property is located near Plexmar Resources' Bolsa del Diablo property. Plexmar has reported high values of gold (186.5 g/t), silver (141 g/t), and copper (0.8%) from sampling in veins, stockworks, and significant alteration zones. Numerous itinerant miners -- known as "informales" -- are working on the Colina Dorada property, with oxidized gold ore being produced and hauled in bags to small processing mills.
Dynasty Metals and Mining, working in Ecuador north of the Colina Dorada property, has delineated a previously unexplored Copper-Gold Belt in Ecuador, which trends south west into the Colina Dorada property. The Copper-Gold Belt is approximately 90 km long, 20 km wide and trends through the Colina Dorada property on strike with the well known Tambo Grande deposits located south west of Colina Dorada. The Colina Dorada property shares similar geology with Bolsa del Diablo, consisting of epithermal veins and stockworks in volcanic and minor sedimentary rocks of the Lancones Formation. These rocks have been intruded by plugs and stocks of granodiorite. Younger felsic dikes cut the granodiorites.
A systematic exploration program consisting of geological mapping, prospecting and sampling over the property position will be carried out at some time in the future.
You can view the Previous Peru item: San Juan
http://www.centurymining.com/s/Peru.asp?ReportID=385613
San Juan Gold Mine
Location: Peru
Property Size: 220 sq. km.
Mine type: Underground
Reserves (2P): 8.87 g/t Au 186,316 oz Au
Resources (M&I): 2.53 g/t Au 16,475 oz Au
Resources (Inferred): 9.25 g/t Au 175,125 oz Au
Estimate Mine Life: 8+ Years
Gold Production 2010 Guidance oz: 18k - 20k
Total Cash Cost/oz 2010 Guidance: $550 - $570
Century Mining Corp. (CMM)
0.32 ? 0.01 (3.23%)
Volume: 310,126 @ 3:58:56 PM ET
Bid Ask Day's Range
0.315 0.325 0.305 - 0.325
TSX:CMM Detailed Quote
If you don't like the WTG deal you can join a group of dissenting shareholders here:
Click Here to Join CMM Dissenting Shareholders
.
VOTE NO
There is no way that WTG is worth what it is trading at and that is clearly evident in the CMM share price. The market is always right and if the value of WTG was accurate CMM would be trading at $1.80. Since CMM is trading at 59 cents the market does not believe WTG is worth it's elevated share price. No surprise since they don't have much of anything. CMM has all the real assets.
VOTE NO
Definately exciting news to be released on Monday.
Hopefully the sharks will leave scraps for the rest of us!
Can't wait - have been hungry for sometime...
GLTA
Rumour is that White Tiger, WTG, is going to take out CMM.....
This year is going to put CMM on a whole new level. The new CEO has stated that the CMM will be doing 2000 tons per day by May. Given their track record of 3.75 grams per ton puts CMM on track for a production total of about 90,000 ounces this year, that includes San Juan. Next year the production total will move over 100,000 ounces per year. CMM is very undervalued and the time for a revaluation is coming soon......
The bottom is in.... The two private placements are closed now so I am expecting the price to rise now. Also, CMM has been processing between 900 and 1300 tons per day now that all of the low profile equipment is in operation. This equipment was late and CMM did not meet their yearly guidance. However, the gold is there and the eqipment is now on site so there is nothing stopping them from producing gold. This stock is going WAY higher..... Just be patient....
yesir good times ahead indeed.
Hey zoobadooba,
good to see you pumping instead of bashing.
this stock will fly, just waiting for CEO and Bedyard to get underway and it will be blue sky from there.
GLTA
Great post. Can oly agree with you 100%. With new people in mgmt. games will seize and profit coming.Hang on, this is a winner.
Just want to add to this on the note about being bought out... I don't believe it is possible that Century Mining can be bought out unless Maxim Finskiy wants to sell. He owns about 50% of the shares so a hostile takeover is impossible. Also, Finskiy is a mining heavyweight and has dropped many millions into Century in order to make it a big money maker. Not a chance he's letting his shares go cheap. His team has the cash and the time to turn the Lamaque mine into a major contender and I have no doubt they will. They're not pumping anything and will wait for the results to speak for themselves, just the way I like it.....
Also, the ore from the Bedard Dyke is scheduled to come on stream this month and that is going change everything as this is where the higher grade ore is sitting. The ore they have been processing in this startup phase is just the mineralized muck on route to the higher grade ore.
I have to say that shareholders are in for a treat because once this starts moving it's going for a big ride. Finskiy is not selling any of his shares so that removes half the shares from the float, too.
i know, this is insane. once we have met targets they will have proved themselves people will start watching. then they will best themselves or break even the next month then money will start to come. i picked this company as an investment for a reason. short term i believe the sp of good companies may not always be reflective of their performance and or development, but long term it is always the case. its even more so after major corrections or financial disasters. i think we have the potential to continue growing. the management and the investors in my opinion do no want to be bought out. they want to expand and acquire. trade it on major movements if you must, but you should always have some of this in the rrsp.
We need patience..... This stock WILL move in a big way. Everything is in place and I continually check up with the company. They are on track to produce 110,000 ounces in 2011 and there is no way they are going to be trading at 50 cents when that happens. They're going to do about 60,000 ounces this year just ramping up but when the Lamaque mill gets going at 2100 tons per day and the higher grade ore starts getting fed into it, look out! My best guess is that after November 15th, the date they have announced their 3rd quarter results and the date they are holding a public conference call is for sure the last time we'll see these low prices, perhaps even sooner.
Don't get shaken out.... this is a BIG winner.
what do we need to get this moving?
One day this stock is going to start really moving, that I'm absolutely positive on. They're hitting all of their targets. It's just a matter of time. I'm ready.... :)
You are right. Need a McEwen to show interest. His VG vedron gold and Lexam making gains and news today.
somebody with a lot of money is going to wake up and start buying big time. there are soo many garbage gold stocks not producing that are 5 times our price...
Yes, the share price not moving is odd. However, those drill results were superb and Century Mining is on schedule to produce 110,000 ounces next year so it's only a matter of time before this moves in a big way. This stock is extremely cheap for what they have.....
Excellent drill results and yet the SP does not move. Manipulation? Should have had a SP increase today.
Excellent Drill Results....
Century is proving up even more gold. This stock is way too cheap with 6 million ounces and projected production of 110,000 ounces in 2011.
Here's the latest news.
http://www.marketwire.com/press-release/Century-Minings-Underground-Drill-Program-Bedard-Dyke-Continues-Intersect-High-Grade-TSX-VENTURE-CMM-1325280.htm
Century is going to start making bigger moves now. Their latest PPs are closed, they have tons of cash, and major shareholders with very deep pockets. Tons per day is ramping up and the search for the new CEO has been ongoing. The plan is to have the position filled sooner than later. They are on schedule to produce 110,000 ounces of gold in 2011. They have all their new low profile scoop shovels and jumbo drills which is going to streamline underground mining by a wide margin when compared to the traditional jack leg drilling, etc. All the BS with the share price is going to stop now, just watch......... Century Mining share price is going to start rising now.
Peggy had too much baggage but she did do Century one big and final good deed. She cut a financing deal worth 60 million dollars and that has got Lamaque back producing. Truthfully, that was no small feat. The fact that she is gone now is just the icing on the cake for investors. If they get a CEO that is Bay street friendly then that will be a huge bonus. However, the most important point to keep in mind is that Century is on track to producing 110,000 ounces of gold in 2011. That fact is going to push the share price many multiples from here...... and they are on schedule.................. :)
Goldbandit
Yes we will have to wait for 2011 but the management has not exactly been very efficient. At least in my opinion Peggy is gone which is good and now need to get a strong CEO.
i have had a ton of patience over the years and a few more will not hurt me. I am long!!!
Century Mining is severely undervalued..... The company is achieving their business plan, which should put production at 110,000 ounces in 2011. Century Mining is a winner and the share price will reflect that in 2011.
Holding good here ,,, lets see if we can get back up to .50 and more ....
A producer with a mill, good future ahead.If they find more hi grade ore this will rocket.
CMM is now being analyzed by Union Securities Ltd. Once production is proven this stock will begin to show its true value.
July 13, 2010
Union Securities Initiates Analyst Coverage of Century Mining Corporation
View News Release in PDF Format
Century Mining Corporation ("Century" or the "Company") (TSX-V: CMM) is pleased to announce that investment dealer Union Securities Ltd. has initiated coverage of Century Mining Corporation.
For further information and access to the report, please contact Mr. Brian Mok at Union Securities. Mr. Mok can be reached by email at bmok@union-securities.com or by telephone at 416.775.5135.
This is a no-brainer and I love no-brainer stories. No-brainer stories are great because you don't have to worry about them. Century Mining Corp. (TSX.V:CMM) is one of those no-brainer stories. Century Mining got really beat up for quite a while. Then it turned around quite nicely for multiple reasons. One reason is a Russian group bought 45% of the company to get the company into production. They got the money they needed to put their Lamaque Mine into production. It's not in production yet, but they're working on that right now. What's interesting is the numbers. Between their Peruvian operation and their Quebec operation, which is the Lamaque Mine, the company should be producing between 140,000 and 150,000 ounces of gold a year. All-in costs should be around $460 an ounce. So you're looking at a company that could be making in the order of $70 million or $80 million a year before taxes. You factor a 10 or 12 multiple into that, which is quite low, and you could be looking at a stock price that is $2, $2.50 just for fair valuation. The share price is currently at $.60. It's moved up a little bit in the past couple of weeks-month, but it's still very cheap. That's a no-brainer.
Welcome aboard... I believe you will be well rewarded. The share price could be soft for the summer but come fall this stock has to go higher, way higher. By the fall they should have put out several news releases about gold pours. They should produce about 55,000 ounces this year and the majority will come from Lamaque, which has just started producing.
Scroll down to see a chart of the gold production projection.
Thanks, I am now in long and strong.
Fair Market Valuation Summary - 2010-Jun-04
Stay cool, stay long, and you will be well rewarded. The market sharks are messing with the share price to steal shares from those who panic easily. The fundamentals are all intact. Stay the course..................and read this for what is really going on.
http://www.goldminerpulse.com/blogs/century-mining-valuation.php
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http://www.centurymining.com
CENTURY MINING CORP. - new CMM presentation is up -
http://www.centurymining.com/i/pdf/Presentation-201003.pdf
Countdown to Gold Production at Lamaque Gold Mine: 48 Days
http://investorshub.advfn.com/boards/read_msg.asp?message_id=10227362
It remains Alaska's second largest - Gold Mine -
of all time.
Some 3 million ounces (100 tons) of gold were taken
out of the Treadwell mine from 1881 to 1917.
The four individual mines which made up -
the Treadwell complex employed 2,000 people
in its heyday.
Still they only got a sniff of the Gold Treasurer -
below the old Gold mine workings.
Century Mining Corp.
a giant Gold producers starting to wake up -
Gentleman,
Century Mining Corp's
Mining Queen -
Started up The Kemess Mine -
at a much lower POG -
B.C. Largest Gold Mine today -
To start up the Gold mining at -
-
La mine d'or Lamaque, en Abitibi
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