StockIgloo

The end of an era.  Should the banner on this site be re-named a Gathering Place for White Tiger Shareholders or will this site be virtually abandoned.  I'd like to hear from the regular posters and others about where they stand.  Have you sold all or part of your shares, held your position or added to it and what do you plan to do in the coming weeks?

Per today's news release, we'll have just under 300 million shares o/s when trading resumes and at today's closing price, the new WTG will have a market cap of just under $200 million.  On March 4 Century by itself had a market cap of $321 million and gold was $200/oz less than the current price.  Even if WTG's assets were worthless, the new WTG should be worth at least as much now as Century was worth on March 4 – especially with higher gold prices.

But even though WTG's assets pale in comparison to Century's they are not worthless.  Savkino is supposed to be a 20,000 oz/yr producer and WTG released very good exploration results from its Nasedkino project in late September.  We are off the Venture Exchange and on the TSX and even though the company is based in the BVI, the company still has to comply with the TSX regulations to trade on that exchange.

I don't believe there is any connection between White Tiger and Red Tiger, but time will tell.

If WTG stands on its own, it should easily have 100,000 ounces of production in 2012 which at an average cash cost of $800 will produce $80 million in cash flow.  I think it is likely that the shareprice will be discounted for a long time until investor confidence is restored and Lamaque production is proven, but let's not forget that the majority of shareholders voted for the merger.  It is up to Max now to prove that he can and really wants to build a mid-tier producer for all shareholders.

I expect good news to flow in the coming weeks.  We got Q1 and Q2 production updates very early in the quarter to create the illusion of financial distress, but that will all change now.  I expect Q3 to be a turnaround quarter for Lamaque and I'm also expecting that Q3 will be a record quarter for Savkino with perhaps 10,000 oz of production.

Today we effectively sold our Century shares for 0.4 x $0.67 for tax purposes and bought 0.4 shares of WTG for every CMM share owned at $0.67.  If your average cost of your CMM shares was more than 27 cents, you won't have to worry about capital gains and you won't need "exchangeable shares".  This also means that there won't be massive tax loss selling this fall unless WTG shares fall dramatically from here.  I just don't see that happening.  There might be a one-day dip, but I think that most that intend to sell have already done so.  I have modestly added to my position recently.

 I'd like to hear from the regular posters and others about where they stand.  Have you sold all or part of your shares, held your position or added to it and what do you plan to do in the coming weeks?

I still own CMM shares…down to 10% which is a far cry from the 450,000 shares I owned back in March.  I am glad I dumped all the way down yet I now wish I had listened to Peter Ball and dumped the remaining 10% at 38c after watching this POS drop another 50% after the merge to 16c!  Instead I gave those buffoons at CMM the benefit of the doubt or maybe I just held them for the satisfaction of watching them go down as even Fink-ass is in the hole under 25c!

Where will the stock go in the coming weeks?  ….probably down, down, down….  Fink&Co have no desire or expectation to actually CREATE shareholder value (they have proven this time and time and time again these past 9 months).  Their M.O. is to dilute the crap out of WTG (possibly with the Zaruma/Red Tiger/Intergeo as I've previously speculated) until original investors are watered down to nothing….therefore, I expect WTG to trade as low as 30c post-merge and possibly even lower depending on how well the DOW/SPX/GOLD hold or break support levels in the coming weeks.

I do believe the gold is there to be had in Lamaque however….and once Max has gained majority control (see Red Tiger/White Tiger/Intergeo RTO-merge) he may just take the company private to turn a profit and pay off his insider buddies.

A small part hopes I am wrong and therefore will sacrifice small amount of shares to see if these Russian mobsters can redeem themselves… 

I am still holding, but have sold some of my position.  I'd appreciate this site staying "open for business", as it has been very educational over the past couple of years.

I'm with Carib on this, as I believe they had intentions of keeping the progress going even with the takeover, but once they ran into the roadblock, they started to play the games (just my opinion).  Will they make us suffer a little longer?  Maybe, but they need to show gold at some point too.  Let's not forget that Finskiy just bought 44 Million more shares of WTG at .70 cents.

http://www.marketwatch.com/sto…..2011-10-20

I dumped most of my shares at $0.77 several months ago, even before we knew about the merger. Anyhow I am still holding, these guys got what they wanted and now they better produce as they've been preaching for months now.

NaturalCurrency said:

I am sticking around. In fact I had increased my position during the hostilities. My personal opinion is that now they will work to appreciate the value, and have a high likelihood of success at that. But that does not take away the fact that they stole from us. 

Yes agreed, but the worst part of all this was the fact our Regulators did Jack poo and let the bad guys get away with it. 

Disgusted by these lowlife pirates but will exit on my terms not theirs.

I will hang in for now and hope for a reversal of fortunes but will never trust any of the players involved in this crime.

Really do appreciate the efforts and class exhibited by so many on this board -in particular Carib and Relic for all you have done with this site.

Paydirt13

I'm also still holding on to all my shares, I think this first week will be an indicator of how long we will have to wait, one way or the other. A Name change to WTG, would be acceptable to me, but leaving it the same for a while would also be acceptable. Thx to all for their hard work, and I agree, this if not financially profitable, has been very educational! Most of all I believe I have found some gold in members of this group, if not in Century Mining B.O.D.! Best to All! 

Carib,

Thanks for all you have done. Ditto, relic.

Keep the site open, may prove valuable as we go forward.

I received wtg shares overnight. I am aware of others also-therefore we might see a little more volume today. Hopefully towards the upside. After all miners are recording some huge third quarter profits. I think average price was 1600? We have no idea what Tpd, grade has gone through.

Bob, most of us on this board feel the same way as you do (about WTG). We (former CMM minority shareholders) did not want this merger; it was forced on us. And the regulators did nothing to stop it. So we have to live with it (or sell our shares).

Disillusioned in Tor said:

I've been following this blog since the merger announcement and rooting hard for the CSC.  I have lost good money on my investment in Century and am furious to think that my loss may have been the result of intentional mismanagement and manipulation. 

It's been a mostly upsetting read; however, NT300's comment about dumping most of his shares at $.077 has provided me with a much needed moment of laugh out loud comic relief!  Thank you!

I am glad I made you laugh, because I would be crying if I didn't dump those 170,000 shares  

Hi FREDERICTON. I hope you are enjoying your trip to WING-FONG Continent. It's good of you to post from "way-over-there"! When you get back home, I will suggest a "special assignment" (about our 'WTG-future') for your consideration. This is to try to see through the SMOG.

Ameritrade has not converted my Century Shares to WTG yet, and when pressed has said they wont trade or list them! I am now forced to transfer my shares to another Co., after 10+ yrs w/Ameritrade! They had previously told me they wouldn't represent me if I went to court, for a dissident shareholder either! Any Ideas for trading in Canada???

After the Fact, one month later, I have finally received a reply from all the E-Mails Isent out! I thought you might enjoy the Irony of their point of View of the situation!