GREY:CCNMF - Post by User
Comment by
AARMYon Dec 03, 2008 12:53am
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Post# 15624237
RE: CAA should be bought out (Flatfoot)
RE: CAA should be bought out (Flatfoot)Can u please explain yourself? Please elaborate. Even though you are going on ignore, I will give u the opportunity to respond once with some common sense.
In January, not including a settlement with Hudbay, Callinan will likely have between 0.30 and 0.40 cents in the bank. At current metal prices, they will continue to receive between $8 and $12 Million per year in NET INCOME. Callinan's annuals cost's amount to less then $1 Million. This mean's they will continue to earn around 0.25 cent's per share. Please explain your target price? Are you suggesting the 777 mine will be shut down because of current metal prices? I beleive it will take sub $1 Copper to shut down the 777 and I beleive that will not happen. If it does, Hudbay will trade below $2 based on their acquisition of Lundin.
What do you know about the lawsuit? Do you think Callinan could end up owing money in all of this? I don't? I may be less optomistic then most, however I am still predicting HBM to pay above $40 Million and potentially much, much more. Can you tell me what you know about the 777, the surrounding claims and the Warbaby. Please enlighten me!
I do add zero to no value for properties. I also beleive all drilling should be stopped, share's re-purchased and/or a $0.10-$0.15 cent semi-annnual dividend. The market will not and doesn't care about drilling. If it did, Quadra mining would not be trading at $3. Please Mike, no more drilling, it's time to do the only thing a market will recognize.
Flatfoot, I'm sorry for your lack of inteligence on this topic, it must be tough time's for a minimum wage earning puppet like yourself. I hope you have a back up plan, low life's like yourself are just seeing the beggining of the suffering.