Century Global Commodities Corp T.CNT

Alternate Symbol(s): CEUMF

Century Global Commodities Corporation is a Hong-Kong based exploration and development company. The Company holds interest in various iron exploration properties. The Company's iron exploration properties are located in Quebec, Newfoundland and Labrador. The Company's portfolio projects include Attikamagen JV Properties, Sunny Lake JV properties and Duncan Lake JV Magnetite Project. The Company holds 60% interest in Attikamagen JV Properties. The Attikamagen JV properties include the Joyce Lake DSO Project and Hayot Lake Deposit. The Hayot Lake Deposit hosts taconite resource. The Company holds interest in Sunny Lake JV Properties. The Sunny Lake JV properties include the Full Moon Project, which is a taconite deposit and Blackbird DSO Deposit, which has a National Instrument (NI)-43-101 mineral resource estimate. The Company also holds 65% interest in Duncan Lake JV Magnetite Project.

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Century Global Commodities Corp

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Comment by McRambuson Jun 22, 2017 3:22pm

194 Views

Post# 26394228

RE:Dead board

Point005 wrote: Since they moved to Caymans - every once in a while someone trades to show some kind of activity.

It's the summer doldrums and iron ore is out of favour again. Cash is $30 million , market cap is just under $20 million. Have no idea what the end game is here but so far very little has been done the past 3 years. With insiders owning 50% of the shares the future is most probably a buyout by BAOWU steel. What other exit strategy is there for insiders? Even paying $1/share the acutal cost minus the cash and the shares they already own is peanuts.

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