Callinan Royalties Corporation CCNMF

you don`t get it

[Teatimenow]

do you? CAA owns a NPI royalty. so the streaming agreement is most likely bad for CAA`s royalt, this managament is worthless. sorry

[grizz]

Hello Teatime, I was a bit concerned about this possibility so I called Roland Butler. Roland explained the situation. The NPI is calculated on the basis of London Gold Fix prices. So this streaming royalty does not, in any way, impact our revenue. Mr. Butler could be critisized for failing to clarify this fact at the time the SLW deal was announced.  Perhaps he may yet do so. This stock is

[DuckConfit]

Huh. Neither the releases nor the MD&A spell out exactly why 25% of the payment is held back every quarter, then topped up once a year, but here’s what the company’s Jul 10 release has to say about it: “Interim quarterly payments were made throughout calendar 2011, estimated by HudBay Minerals Inc. to represent 75% of 6?% of the net profits from the 777 Mine in Flin Flon, Manitoba, plus .25

[grizz]

Our interest is a netProfit interest.  Therefore costs are a major influence. The 25% holdback is to protect HBM against a possible miscalculation of the Qly profits from the 777 mine.  This is perfectly rational and very common. Grant Thornton is auditing several years of profits at the mine as a result of a lawsuit launched several years ago.CAA believes we have been underpaid over the