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Bullboard - Stock Discussion Forum Callinan Royalties Corporation CCNMF

GREY:CCNMF - Post Discussion

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Post by CommiePinko on Jan 10, 2012 11:30pm

So Boring

Made $30 million last year, has bought back over 1.5 million of it's shares, pays an eight cent dividend, & not one analyist I know of follows this company.

So tell me someone - Is this company any better off since hiring a new CEO and spining off it's exploration assets?

Comment by platonas on Jan 11, 2012 11:06am
Welcome to the bullboard, What are you expecting? Drilling Results?  this is now a one royalty royalty company. The next step is to buy other future revenue streams. I can't see much from the lawsuit, soon we'll be at the 5 year mark. Inaction can sometimes be mistaken for patience. The next wave of the liquidity crisis will be an opportune time to look at near producers with the idea ...more  
Comment by xtd on Jan 11, 2012 4:51pm
Can't say we are better off. The new ceo has contributed little to date! In fact his biggest contribution has been to turn a good web page into a terrible one. The share buyback and dividend were all planned by mike. One consolation is no spending on exploration of suspect properties.
Comment by CommiePinko on Jan 12, 2012 9:15pm
What do I expect? Well I would expect a company like this that pays a good dividend end generates the type of income that it does to maybe have at least one analyst covering it. I mean I have some penny stocks that don't trade for more than 50 cents that have more coverage than this company. And I would expect a company that had 30 million dollars in revenue to be trade with a little more ...more  
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