Callinan Royalties Corporation CCNMF

Hudbay empties its coffers

[CdnWest]

HudBay just offered a half billion for Augusta so that should empty their coffers a bit and reduce their appetite to consume CAA and make the legal claim go away.

Augasta responds to hostile takeover

[DuckConfit]

It's an all-stock offer, so their cash position won't change if it's accepted. More to the point, it gives us an idea of the type of acquisitions HBM is interested in. This is a near-producer that fits in with their operations and planned operations. It's NOT some pissant junior whose reserves are (Nil), whose only income comes from a check HBM writes quarterly, and whose

[Canadamoose]

Duck Confit,                        You are a dumb animal. :)  Most pigeons are more enlightened.             Canada Moose