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Centurion Minerals Ltd V.CTN

Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset exploration and development in the Americas. The Company is engaged in the acquisition, exploration, and development of mineral properties. Its geographic areas include Canada, and Argentina. The Company’s Casa Berardi West Gold Project consists of three properties (Newman, Noseworthy, and Hepburn) covering a total area of approximately 8453 hectares located in the Abitibi Greenstone belt. The Casa Berardi West Project is located approximately 100 kilometers east and northeast of the town of Cochrane, Ontario. The Company also has an option agreement to acquire The Nicaraguan San Cristobal Gold Project. The San Cristobal Project is located in the department of Matagalpa, within the Municipality of San Isidro, approximately 125 kilometers (km) north of Managua. The Project is located in the Interior Highlands region of Nicaragua.


TSXV:CTN - Post by User

Bullboard Posts
Post by JanetReno1on Sep 17, 2010 10:22pm
343 Views
Post# 17463739

Big Problem

Big ProblemThe main problem with this stock is the companies location. For every 1success story out of Indonesia in the mining business I have seen 100 fail.Why would this one be different. Not much of a business plan, not muchcash, the stock is over priced as it is. If you can buy this around 20 or30 cents you might make a buck or 2. I think anyone buying this at theseprices will hold for a long time while it slowly sinks and then finallygives up and either sells for 10 cents or the stock does a R/S first andyou have one tenth of your original shares. Watch for another announcement on yet another  Private Placement. That will tell you how good they are managing cash. They spent too much time looking at more claims in the middle of the jungle or swamp and have not worked on shareholder value by actually drilling. Who's gonna take this sad song and make it better?
Bullboard Posts