RE:RE:RE:RE:RE:RE:Callinan Management Heads Up Please on Hudbay Litigation$1
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.
The best thing to be said about it is that CAA has only blown $1.5M on it so far. Oh, wait. Isn't there a $2M line of credit? Wallbridge had $500,000 in the bank on Sept 30th, and doesn't have any income ("can we pay you back in stock, Roland?"), so make that $3.5M they've thrown away on this. If those NSRs become worth buying in our our lifetimes it'll be a miracle.
The lawsuit, on the other hand, figures to be worth something. If those Newfies ever get their thumbs out of their asses and hire a lawyer someone has heard of, start applying pressure, we might actually find out what it is. $20 Million doesn't seem out of the question. Sounds like a pretty cheap ticket for a company who couldn't show up to an audit with ANY relevant documents.
$20 million is 1/4 of their market cap, so that sounds like a growth prospect to me....
But go ahead and hold your breath for Wallbridge if you like.