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Callinan Royalties Corporation CCNMF



GREY:CCNMF - Post by User

Comment by grizzon Sep 07, 2012 4:04pm
215 Views
Post# 20334487

RE: RE: trading action

RE: RE: trading action

Trading action is strictly a short-term phenemenon. I a gree with everything else you said except that a higher price associated with a TSX listing would be a better way to avoid a takeover.

We should note that all insider and company buying ended around the end of June.  So it would seem that the board has identified another use for the cash flow. Today's agressive buying tells me that the new use for that cash flow is coming closer to daylight.

The more I think about it the more I am sure Roland would not impede a price rise in any way for selfish reasons.  He is supremely confident in his ability to add value and, being a relatively large shareholder he would benefit from the attendant price improvement.

AND keep in mind that a TSX listing or other major policy is a board decision and while he is a strong personality I don't think he actually controls the board.  Mike is also quite conservative.

 

Cheer up folks, things are looking good today.

 

GRIZZ

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