StockIgloo

WTG has a market cap of about 210 million.  (300 million shares at $0.7)

The first quarter combined production (CMM + WTG) = 10792

The second quarter combined production (CMM + WTG) = 10751

Total First Half ounces = 21,543

WTG will probably file November 15 (Based on their previous filings)

I would guess 12-15K ounces in the third quarter…

4350 San Juan

2650 Savkino

5000-8000 Lamaque (Obvious wild card here)

The real question is…what will per ounce costs be.

I'm sure costs associated with business combination will be extraordinary.

Don't think there will be a market upside boost on this filing.

DOC, they promised us that this merger was a good thing and something that "WILL" make the company stronger along with increasing shareholder value.

I know for a fact a company can make a lot more money being public then in private. If they can get proper advertising in order it would attract more investors helping the SP climb higher.

But like many have already said, look what Century's BOD did to ram this merger through. Well they got what they wanted, now get us what we want and that is promised aggressive PRODUCTION and build us VALUE. 

Doc said.."The latest PR by WTG was a little strange, as December3 points out on SH—the newly hired staff at Lamarque not exactly well known locals–and have questionable directly relevent experience."

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Reread the NR over and over again. On the assumation the credentials and qualifications of the 3 staff hired are correct, I still find it hard to accept the assertion that they have questionable directly relevent experience. On the contrary I believe they are the the right plugs for the right holes types and yes they may not be well known locals but  does it really matter who does the job as long as the expected results are achieved? and by the way had not CMM hired locals all the time in the past years? and the result? I have a positive feel for these three professionals and must say the identified works to be done near term plus the whole tone of the NR gives me the impression that they are serious about mining and getting the gold finally. I read the last few days' price/volume action of WTG as positive. One just cannot ignore the continuous showing of those high volume+price rise days. Have a feeling stocks are passing over from the weak hands to the stronger ones. I hope I am right.

Hi Wingfong,

Thanks for your post.  It's good to hear from someone with an optimistic view.  I agree with you;  I think we as a group continue to be our own worst enemies and keep imagining the worst from massive dilutive financings to a merger with Zaruma when they is little to support those theories.  According to some, we were going to be in the single digits in November. 

If we were going to be a takeover target, the parade of bad news would continue to drive the share price lower.  The $10 million line of credit would be replaced by massive dilution at lower share prices.  There wouldn't be new hires of very capable mining personnel.

Expectations are very low right now but I'm expecting good Q3 numbers from Savkino, San Juan and even Lamaque.  I think the smart money is buying and shares continue to shift from weak retail hands to strong hands, because of unfounded fears of another merger or takeover and/or massive dilution from more PP"s.  I don't see that happening.

Labradorguy, this post is directed to you (hopefully, you are still with us!). What do you think of the "new blood", (i.e. the three professionals, recently brought into the Lamaque operation)? You probably know these guys personally. How do you see the production unfolding at Lamaque? Recent movement of the shareprice seems to be anticipating "good news". Thanks in advance for your comments!

bigjohn37 said:

Labradorguy, this post is directed to you (hopefully, you are still with us!). What do you think of the "new blood", (i.e. the three professionals, recently brought into the Lamaque operation)? You probably know these guys personally. How do you see the production unfolding at Lamaque? Recent movement of the shareprice seems to be anticipating "good news". Thanks in advance for your comments!

Well who ever these guys are it help boost the SP upwards. Hopefully our good friend Lab Guy can comment on these individuals  

DP, if you read Labradorguy's pas posts, you'd know that he is a consulting geologist/mining engineer. He did consulting work for Century in the past, and seems to travel a lot. So it's reasonable to assume that he may know one or more of the professionals who were recently hired by WTG. That aside, I said: "you probably know these guys personally". If that's too much of a stretch for you, I am sorry.

     Having experienced their tactics over the merger issue in the last 6 months, it is perfectly normal for investors to hold a less than positive view on the persons behind the schemes and what WTG had put out via its recent NR.

     It is survival reflexion for any one to be scared by the shadow of a piece of rope after having been bitten by a snake. I, for one, had gone tro that but I have decided to shake off the phobia.

    Going back to basics and digesting all recent events, I have come to a more positive view with regard to the valuation of WTG and needless to say, the potential value of my cmm/wtg investment going forwward.

    In summary my considerations are as follows:-

1) Now that Max already owns 40%+, he should be satisfied. Together with those closed to him, pretty sure their combined block  exceeds 50% of total shares so he has no fear of losing control in any event.

2) With Max purported  to have sunked in $80 million in total. It is time to show supporters  and the silent investors behing him that from now on, they will see the Co turning cash-flow positive and profitable (to hugely profitable?). It is not logical for them to continue to pump in more cash with nothing positive to show in return.

3) Quite recently, Max was on stage in the PDAC seemingly wanting to be seen among the gold minining super achievers/achievers. To support this public image of his, I believe he must have a money-spinning mine or mines as something to cock about. It is simply disastrous for him if he is seen to be a loser operating some money-losing outfits or worst, be seen to be the proverbal liar standing beside a huge hole in the ground called a mine.

4) Besides repaying the DB loan, covering costs etc, it must be more palatable to have a good showing of the SP whereby he may even use it as currency for further acquisitions!

5) Even though he won this round, have a feeling we Vote-No shareholders had directed some spot lights of the wrong kind onto him and it may be something he would prefer to avoid. Remember he was on BNN for a lengthy showing but Schimke's subsequent  slot for rebuttal was suspiciously cut short to 2 min.

6) Believe at the right time, the slashed NI43-101 will be updated back to the original figures and perhaps have more to show too!?

7) From the new CMM/WTG website and the recent NR, I believe they have flashed out a strong real intention and specific mining plans + beef up of key operation personnels to get to the Flats, NW and BD mining fronts and further indicating the  intention to up the mill rate to 2000tpd come Q1 2012.

8) Of the 3 key personnels just hired, I note with particular interest Rainer's stood in as Lead Adviser of the Afganistan Government's US$54 Billion Aynak Copper Mine Development Agreement negotiation and as Director In Charge of the restarting of the mining sector in Kosovo after the war. I am inclined to think he must have certain demonstrated capabilities and credentials in trustwortyness to be able to be nominated/accepted in these high level governmental positions. As such I draw 2 conclusions:-

  a)he will not join this private smallish (at least for now) CMM/WTG outfit if he does not think it is an interesting doable project of certain magnitude.

b)with his status, believe he is not likely be one who will callouse and dance to the tune played by Max. I strongly believe he is coming in for some strong solid actions in building up the mines and his reputation along  with it (presume of course he will make his money too). Who knows, he may have been brought in tro heavy persuasions/influence from powerful places just so to repair the bad names of Max and DM?

    Lastly, having unloaded much from my chest, I am not saying that Max is doing all these for the love of shareholders. It may be true he does not even care much about we retailers but it really does not matter. My take is that now that he is secured in his control of the Co, he will go all out to make the mines work and turn them into some money-spinning outfits–and should it in turn (it should be) cause the SP to rise, it is good enough for me.

    I may be partially right or entirely wrong but honestly I sense a certain positive mood in the air lately and I sure  hope I am right.