GREY:CCNMF - Post by User
Post by
randd49on Mar 11, 2007 7:52pm
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Post# 12398352
reading hud-bay board
reading hud-bay boardHi again everybody, I never have too time to post. I owe you guys a apology, they are quite nasty on the hbm board.
Anyway I bought alot of shares under .70, and I bought all the way to 1.70, but from my profits from selling another company. I believe this company is a steal under 2 bucks.
We could not get better management anyway. They are working hard for us. What more can we ask. This is a very tightly heard company. Any positive news from drilling I firmly believe will send to the roof. This is one of the longest held companies in my portfolio. I am quite diversified though.
I believe the share price dropped because of the uncertainty of the lawsuit. My understanding was the royalty could have been bought out by hud-bay for anything from .50- 1.00 share value.
now I firmly believe if we win the lawsuit, our shares would be worth 2 times what they are worth now. Our management will not settle for the above values, but for double or triple.
hud-bay pumper Peter Hodson from Sprott Asset Management will be on Rob tv on Monday. I for one will be watching.
the point I was trying to make was is it possible we could get our property back if royalties are owing and not paid. I see alot of earn in options, and if these are not paid, properties revert back to the original owners. Whether they front earned or back earned(Royalties) I see not difference in my mind. What do think also about our management trying to re-negotiate the .25/ton. This was set with the old company and old prices. They should not be laughing at for this, as prices were low then, and they are high now. I can not believe the people on the other board are so naive. It is too bad we did not have a escalation clause. But I am sure we can sue for this too because of changing times. That was then, this is now.
GLTA