RE: RE: what a shame<<And second, Kent did an impressive job with CMM. Not only did the company survive the deepest financial crisis of the *century*, but is now in production and adding shareholder value every day. >>
F me. Talk about the rankest of bullchit, lol. Kent and her toadies (Burns etc) tried their best to run CMM into the ground long before the credit crisis arrived - and that was despite gold price nearly tripling since CMM restarted Sigma. The strong rise in POG was the only reason CMM avoided BK. Ironically, PK isn't a gold bull - she hedged production as much as she dared (and, not surprisingly, considering her history, lost money every time doing it).
Did you conveniently "forget" about the $20MM in "deferred" stripping con they pulled? Of course, it was a ponzi scheme and when they totally ran out of money and couldn't possibly continue to report "earnings" any longer, they had to "restate" and write down that $20MM and close Sigma altogether. If that's a so-called "impressive job", methinks you need to review the meaning of "impressive". And I guess, as a reward for that supposed "impressive job", that new ownership unceremoniously booted her out on the street?
The old saying "figures don't lie, but liars can sure figure" comes to mind.
Caveat Emptor.