Callinan Royalties Corporation CCNMF

Callinan Management Heads Up Please on Hudbay Litigation$1

[Canadamoose]

  Dear Callinan Management,
                                                    Hudbay recently announced plans to spend  $ I billion dollars on Cap ex in 2014, primarily on projects outside of Canada.   I propose that such expenditures made before the litigation with Callinan is resolved may jeapordize  Hudbay's ability to pay off Callinan when a verdict is rendered.   This concern is heightened by the bad faith shown by Hud Bay in concealing key documents pertaining to the claim.   

    I suggest that Callinan move for an injunction against Hudbay to prevent Hudbay from moving funds offshore until the bad faith actions by Hudbay are corrected and either the Callinan claim is resolved or Hud Bay proves to the court that these expenditures of cash, will not jeapordize Callinan's ability to collect.
     Thank you for your consideration and aggressively persuing claims against Hudbay.
 
 Canada Moose

[rocdic]

This post has been removed in accordance with Community Policy

[Canadamoose]

No I didnt send it to them.  I expect what I have to say does more good for the stockholders interest when  posted on this board than sent directly to management.   Management has let this litigation matter drag on for years.  I dont want to question managements deal making savy, or even its interest in doing well for the stockholders longterm.  I do question managements

[rocdic]

This post has been removed in accordance with Community Policy

[Canadamoose]

Not when the litiigation has been going on for a term between years and decades.

[rocdic]

This post has been removed in accordance with Community Policy

[DuckConfit]

HA! The market capp of CAA is about $80 M (Canadian Pesos). Wallbridge is a deal they're in at $0.18, with options at $0.27 and is currently trading at $0.09. So CAA's investment in Wallbridge has a current liquid value of $750,000, and the notiontal value of the royalties. Wallbridge is going to have to dilute quite a bit at 0.09 if they want to develop that Broken Hammer project.

[rocdic]

This post has been removed in accordance with Community Policy

[DuckConfit]

Understand that I'm not trying to be a smart-ass, here, or call you out. I just wonder if anyone in Lewisport has put this in perspective. By my count, Wallbridge owns 8% of Duluth's outstanding shares. (They have the right to up that to 9.9%, though, but with 1/2 a mil in the bank... maybe a bake sale?) Market value of that Duluth stock, right now, at bid, is $8M, but if 10M shares