Callinan Royalties Corporation CCNMF

trading action

[grizz]

i like the way CAA is trading.  Stock is continuing to move into strong hands. Pretty soon all the wimps will be out and the price can run.

 

Best to all,

 

GRIZZ

[AARMY]

I dislike they way this has traded despite the market. If we we're trading on the TSX we'd be owned and followed by many money managers and indexes. Callinan would likely be trading at $3.50-$4 in this trading enviornment. Any reason for trading on the venture other then the $1Million listing fee Roland? Is it being ignored due to transparency and reporting requirements? To avoid a

[Kherson]

 I don't recall anyone ever saying that CAA would not ever be listed on the big board. Someday we may, although it does not matter to me one way or the other. Now having said that, if you do believe that we would be trading at higher levels than we presently are because of our Venture listing, then CAA is a bargain at these prices. Would you agree? Kherson

[grizz]

Trading action is strictly a short-term phenemenon. I a gree with everything else you said except that a higher price associated with a TSX listing would be a better way to avoid a takeover. We should note that all insider and company buying ended around the end of June.  So it would seem that the board has identified another use for the cash flow. Today's agressive buying tells me that

[Kherson]

 Today was a good day for Callinan... Time for another lobster... Kherson