Sandy Chim Fu Manch of the Labrador TroughThis is from the Century Press release of today. Why did they combine the cash figure with the cash in the JV. Even if the cash century has is buried in Sedar it seems misleading.
"The Company and its Attikamagen joint venture had as at March 31, 2014 cash and bank deposits of approximately $54.8 million."
I have no doubt that Sandy Chim is very honest for a ChinaMan. His biggest problem may emanate from his having been born in the year of the lost squirrel, which consigns him to forever chasing his tail.
I suggest Mr Chim spend less time figuring how many china men he can dilute the shareholders interest with, and how convuluted and complicated he can make the companys structure, and spend more time focusing on getting iron ore out of the ground. With the package of properties, the cash, and the Chinese backing, more should be expected. Maybe Century needs a CEO who is less of a gladhander, and more of a functioning iron ore technocrat.