Callinan Royalties Corporation CCNMF

real value

[AARMY]

At 3 times earnings, nobody's going to argue this company isn't a steal. The punishment of a low multiple on CAA is based on the current management of the company. Who care's how much money is in the bank or coming in if it's not going to be used properly. To date, this company has not been managed in a shareholder friendly manner. All indications to date suggest a stubborn BOD and CEO that only want to drill holes to find a "homerun". This is what worries the market. If this changes, we have a $3 company. If it doesn't, we need one of those variable's to come through and take us higher. It's sad, because with a little business savvy, this is a $3 company. It's not too late and I do believe Mike will be pressured into the right decision, however it's way way past due.

Let's hope the large shareholder who just bought in these last few days knows more than I do regarding the timing of all this speculation. I'm thinking things are getting close and rather interesting, especially with the recent changes at HBM.

Long and not nearly as strong as I once was. I feel like a loyal, abused , mistreated long term shareholder who's been mislead for 5 years. I am just too stubborn myself to sell at such a discount. For that reason, I am going to ride this one out. Just so damn sick and tired about talking about this never ending story.

Good luck to us all.