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CALICO RESOURCES CORP V.CKB

"Calico Resources Corporation is a mineral exploration company. The Company is engaged in the acquisition and exploration of its Grassy Mountain Gold Project located in Oregon, United States."


TSXV:CKB - Post by User

Comment by pmanalyston Jan 21, 2014 6:08pm
134 Views
Post# 22117932

RE:can you say RIDICULOUS??????

RE:can you say RIDICULOUS??????You are correct in saying that the price of this stock is ridiculous, however, I doubt very much that they will issue any kind of dividend upon sale of the company.  The company will probably not be dissolved therefore they will need the cash to continue on with their business.  Also, remember they are entitled to a 1% royalty from Rockstar when the Grassy Mountain begins producing.  I believe they will try to look for another project hopefully already permitted or possibly try to become a royalty company although I don't think they have enough cash for that.  In any event the company should be worth approximately 50 cents per share on its sale.
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