3SOF

anybody have thoughts on why this stock is so cheap, and dropping? Currently  .27 but buyout is for .60  thanx

  From what I've been able to gather, there seems to be some confusion on the buyout details...and the company is suppose to have a followup PR to explain. I've held a few thousand shares of this for awhile....seems to be somewhat of a gamble to buy now, but what's new. 

Found this company that reports an accepted buyout of .60, the current price is .26.
Just wondering why the share price is not trading closer to the buyout price.
  Apparently the officers don't understand it either, they put out a press release stating their intent to buy 5 million shares.
   Centurian Gold Holdings  CGHI.OB,  What the heck, bought 20,000 and will hold untill I discover what I am missing

Heres what you are missong hazmat!

http://www.minmet.ie/downloads/50929%20Centurion%20Gold.pdf

Thanks, wish I would have thought to go to Minmets site.

There is about 3 threads on CHGI...so i just picked one.

David or Rams, please merge when you get a chance.

RECENT INSIDER BUY:

http://www.secform4.com/insider/showhistory.php?symbol=cghi

Well..stock is very low now..what caused the recent drop in price?....time to keep a good eye on this guy...lets see if this causes a nice little pps reaction to the upside


good luck to all holders!

julia

  HMMM..that's interesting!!  This stock announced about twom months ago that they were being bought out at .60 a share...details were to be out about now...their 10k the other day seemed to be saying the details of the buyout are not worked out yet, and it sold off on that...there is supposed to be a PR coming on the details...but who knows when. I bought a few thousand shares back when the deal was announced and still holding. The inside buy is an interesting item in more ways than one.  Thanks for posting that. I'll clap for ya. 

Check out the cghi thread started by Hazmat in Penny Stock Picking.  Higherstocks has a post there that may explain why this is going nowhere. Good luck.

  NEWS........

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C10%5C03%5C70972139.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=CGHI

I'd be really careful with this. The market doesn't think its going to happen. I had a similar experience with MTDX recently. They had a buy-out offer for +3.00 on a .60 stock. The highest the stock went was about $2.00 intraday. Then the whole thing collapsed.

  Up today, especially from about 3PM on when this new insider buy wentacross the wires.

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D05%252D030753%252Etxt%26filepath%3D%255C2005%255C10%255C04%255C&symbol=CGHI

News this a.m, wonder if this will do something to the pps?

2005-10-19 06:00:01
 
Centurion Gold Enters LOI to Sell 10% of Naboom Platinum Deposit; Proceeds from Sale of Naboom to Be Distributed to Centurion Shareholders via Stock Dividend; Fundy Minerals to Hold Exclusive Right to Acquire Balance for $17 Million 

Mining Writers / Business Editors

JOHANNESBURG, South Africa--(BUSINESS WIRE)--Oct. 19, 2005--
Centurion Gold Holdings, Inc. (OTCBB:CGHI),

the only South African junior gold mining company publicly listed in the U.S.,
announced today that it has signed a letter of intent to sell 10.4% of
its stake in Naboom Platinum Deposit to Fundy Minerals Ltd. Fundy is a
Canada-based natural resources company listed on the OFEX in London
under the ticker "FUN."
In consideration for 10.4% of Naboom, Fundy will issue 20,000,000
shares of its stock to Centurion Gold. In addition Fundy will pay a 1%
royalty fee on all future production from the property to Centurion.
As part of the agreement, Fundy will hold the exclusive right for 12
months to acquire the balance of Centurion's ownership in Naboom
Platinum Deposit for $17 million. Conclusion of the transaction is
pending due diligence. Once the sale of 10.4% of Naboom is concluded,
the Directors of Centurion intend to distribute, on a pro-rate basis,
shares in Fundy to Centurion shareholders of record as of the date of
the transaction concluding.
"We are pleased to team up with Fundy on the Naboom Project. Fundy
recognizes the value in our Naboom property and has the exclusive
right to purchase the property for $17 million," stated Dale Paul,
Centurion's President and CEO. "Naboom is just one of Centurion's
properties and at a valuation of over $17 million, this alone exceeds
50% of Centurion's current market capitalization. Through the Naboom
sale, as well as our other pending M&A transactions, we are working
hard towards creating the shareholder value that reflects the wealth
of our mining assets."
In April 2005, Centurion acquired 74% of the Naboom Platinum
Deposit from AngloGold Ashanti Limited with the Black Economic
Empowerment Partner retaining its mandatory 26% share. Centurion has
complete legal rights and all licenses/permits to Naboom. The Naboom
ore body is a platinum-rich deposit with grades up to 4,000 grams/ton.
The platinum occurs in free form in a quartz host rock containing
chromatic chlorite. The implied tonnage, based on existing, historical
development of Naboom, is 2.2 million tons equaling 14.96 million
grams possible in-situ platinum resource that was previously exposed.
Discovered in 1923, the Naboom Project is located in the Waterberg
District approximately 5 km northwest of Naboomspruit in the Limpopo
Province, South Africa and was originally operated by Transvaal
Platinum Limited.

About Centurion Gold Holdings, Inc.:

Centurion Gold Holdings is the only South African junior gold
mining company publicly listed in the United States. The Company is
executing a roll-up strategy acquiring proven mineral assets, "growth
through acquisition;" these assets consist of near revenue stream and
existing low cost production operations with turnaround opportunities.
Based in South Africa, the Company is ideally suited to exploit new
legislation implemented by the government in May 2004. This
legislation enforces a "use it or lose it" strategy, whereby all
mining claims must be prospected within a designated time frame,
otherwise, such prospects revert to the state, thereby creating never
before seen opportunities, particularly for smaller companies like
Centurion. The Company has built a strong team of experienced
management and operations mining professionals to exploit these
opportunities, and is positioning itself to become a major producer by
continually implementing its "growth through acquisition" strategy.

Buy at 0.250
Short target price : 0.50
Long term price : 1.5 and perhaps 2.5
Stop loss : 0.189

news :
Centurion Gold Holdings Expands into Oil & Gas Exploration; Acquires Majority Interest in 130,000 Acres of Oil and Gas Leases in Alaska; Possible Resource of 1.2 Billion Barrels of Oil and 7 TCF of Gas
10/21/05       
JOHANNESBURG, South Africa, Oct 21, 2005 (BUSINESS WIRE) --
Centurion Gold Holdings, Inc. (OTCBB:CGHI) the only South African junior gold mining company publicly listed in the U.S., announced today that it has expanded its natural resources exploration and development activities to include the Oil and Gas Sector by entering into an agreement with Escopeta Oil Co., LLC of Houston, Texas. The agreement includes development of 130,000 acres of Leases in the Cook Inlet Basin of Alaska. Centurion and Escopeta intend to drill five Oil and Gas wells in the next two years. Escopeta will be the operator for the program.

charts :
Chartisme : CUP and HANDLE and good support (double bottom)
Fibonacci : ratio > 68.1 (0.754)
EliottWave : correction of the firts phase
cf.

Heavy insider bying on this one + positive PR's will take this to moon
http://www.secform4.com/insider/showhistory.php?symbol=cghi   

Centurion Gold Holdings Receives Zaaiplaats Exploration Permits; Plans to Begin Mining Immediately
Business Wire - November 04, 2005 06:00

JOHANNESBURG, South Africa, Nov 04, 2005 (BUSINESS WIRE) -- Centurion Gold Holdings, Inc. (OTCBB:CGHI), announced today that it has received exploration permits for its Zaaiplaats tin mine in Limpopo province, South Africa. Having received these permits, the Company intends to immediately commence mining the property. As previously announced, the Zaaiplaats property makes Centurion the largest tin mining company in South Africa.

"As a resource development company we are moving forward with developing our mining assets. Zaaiplaats is a very economically feasible mining property which we expect will yield us cash flows that support our business. Centurion will continue to evaluate which of our properties we will mine immediately and which we can more favorably sell or joint venture with other partners. Our development decisions to either mine or spin out an asset are driven by internal ROI requirements and the best return on shareholder value," stated Centurion Gold Holdings CEO Dale Paul.

Centurion Gold Holdings' Zaaiplaats tin mine is located in the Limpopo province of South Africa, in the northern Bushveld complex. The Zaaiplaats tin mine has produced in excess of 17,000 metric tons of metal. Once fully capitalized it will produce roughly 2,500 tons a year. The mine has agreements with local smelters to buy the tin concentrates to be produced. The processed metal is generally exported to China or used locally in the production of steel alloys. The mine has a probable reserve of 3.3 million tons of minus 3 mm gravity tailings.

Centurion Gold Holdings, Inc.

Centurion Gold Holdings is a resource development company that acquires, develops and mines or spins out natural resource assets. The Company's mineral assets generally have combined the potential for a near term revenue stream and existing low cost production operations with turnaround opportunities. Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the South African government in May 2004. This legislation enforces a "use it or lose it" strategy, whereby all mining claims must be prospected within a designated time frame; otherwise, such prospects revert to the state, thereby creating never-before-seen opportunities, particularly for smaller companies like Centurion. The Company has built a strong team of experienced management and operations mining professionals to exploit these opportunities, and is positioning itself to become a major producer by continually implementing its "growth through acquisition" strategy. www.centuriongold.com

Forward-Looking Statements

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.

SOURCE: Centurion Gold Holdings, Inc