For well over a year, I had a sneaky suspicion that Centurion didn't do their due diligence in the purchase of some of their mines, and had gotten 3rd or 4th [or worse] rate mines, where the overhead expense was so great that they weren't too thrilled about filing a yearly report, which would show that maybe they are spending $500- $600 or more per ounce to produce gold. So this is how they cut overhead? Will wait & see what their sterling board has to say about this. The board on paper sounds pretty good.
Remember well over a year ago,[I can't find those old PR's] they thought they had a buyer for their mines, from a company in Ireland, Minmet PLC, I believe? And then some Co. in Newfoundland, I believe, was going to buy into one their mines. Both obviously backed out. Their gold holdings are probably a long term bust. It's the possibility of oil that is giving Centurion a chance at all. I hope they make it there, in Alaska, that's why I have still held on to this stock. But this report is a bloody left hook, if it is true.
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