Callinan Royalties Corporation CCNMF

2.41M share buy back

[watercooler1]

great news!! setting up for a nice run early 2013. GLTA

[DuckConfit]

Why? Because the last one went so well? It's incredible that they think this is going to work.

[olliana]

Save the money from buying back shares in 2013 and increase the dividend to .03 per quarter; this would increase share holder value immediately. 4% dividend return in teh meantime is nice! It's great buying back shares to reduce float but as you mention DuckConfit, what good has it done us? Have been and continue to be a shareholder since 2000 and ride the ups/dows with CAA. Fairly safe

[Isayadaprofit]

This post has been removed in accordance with Community Policy

[Nosleep]

it's interesting doing some long term numbers... lets say you want to go to .03 per quarter or .12 per year. If they buy back 2 million shares at say 2.00-2.50, call it an  average of 2.35 that's 4.7 million dollars.  Removing 2 million shares from the share structure eliminates $240 per year of payout from div's. so it would take 19 years worth of eliminated payments to