GREY:CCNMF - Post by User
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Canadamooseon Jan 16, 2014 5:49pm
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Callinan Management Attn Please re Hudbay Minerals
Callinan Management Attn Please re Hudbay Minerals There is speculation that Hudbay Minerals may attempt to takeover Callinan. That is fine however to include the claim against Hudbay in the assets to be acquired would be a circumvention of the legal system and an abrogation of managements obligations to stockholders as Hudbay has never revealed the information Callinan needs to evaluate the claim.
I contend that if Hudbay bids for Callinan,d the claim against Hudbay should be escrowed on behalf of the stockholders untill sufficient information is in plaintiffs hands as ti enable the claim to be fairly settled or go forward to trial. It would be patently unfair for a royalty payer to starve a smaller royalty holder by cheating on royalty payments and then takeover the royalty holder rather than payup because the royalty holder is in financially weakened condition because of the tort feasance of the royalty payor.
Canada Moose