As at market close on Friday, you could obtain WTG paper at 0.875/share (0.35/CMM share, times 2.5). As I said, the currency of the proposed transaction is WTG securities. The enterprise value of the merged entity is not worth the paper being offered; that's what the market is saying in response to the transaction. We may differ on our reasons for that to be the case, but to the extent that the market is objective, there you have it. I haven't tracked the numbers religiously, but as far as I have noted, the exchange ratio offered by the marketplace has been between 0.15 and 0.17 since shortly after the announcement, nowhere near the offer of 0.4. If this is such a good deal for Century shareholders, why is that?

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Hoov,

I have noticed that Century Mining officers have been very careful not to speculate on what the trading price of new White Tiger shares will be after the business combination. When I have enquired as to why there is such discrepancy between CMM and WTG share price (no way near 0.40), I am met with dumb silence. They claim they do not know.

They do not know why the price is so low.

They do not know where the price is going.

This is completely irresponsible at the best, outright fraud at the worst. What kind of management do not count the cost before entering into speculative agreements?

This is the primary reason these "direction-less" directors of Century Mining need to be kicked in the rears with a firm, stiff boot at earliest opportunity.