CUR - Centaurus Resources

[enigmatic]

I try to keep track of Iron ore juniors and came across this one a few months ago, mainly due to the Huge drop in share price.

Now I have a few questions that maybe someone could answer...
At one point in 08 this ran hard up to a market cap over 200million+ now this share price seems to have been driven by the assumption that CUR would be a near term producer of Iron Ore. (2010)
Now do people think that at the time the share price was overvalued?

Now recently market cap has dropped to a point were CUR Market cap is 15million, does anyone have any reason behind the rise or fall of this share price. Are there concerns that they will not become a producer near term.

Now my last question is concerning the recent mention of a Merger of CUR with GGY which I have little knowledge about if any, Do people believe that it is in the interest of CUR if it is then this would indicated that the share price was extremely Overvalued mid 08.

DYOR current holder small parcel.

 

[enigmatic]

This one has been on a run up since the extension of the merger came out.
now at CUR 54cents a share or 8* GGY 7.5 cents a share(60cents)

will be interesting to see if the merger gets through and what the future holds for the company once it has cash to fund its projects.

DYOR, Long term holder