Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Callinan Royalties Corporation CCNMF



GREY:CCNMF - Post by User

Comment by DuckConfiton Feb 13, 2014 4:14pm
260 Views
Post# 22206932

RE:Hudbay empties its coffers

RE:Hudbay empties its coffers


It's an all-stock offer, so their cash position won't change if it's accepted.

More to the point, it gives us an idea of the type of acquisitions HBM is interested in. This is a near-producer that fits in with their operations and planned operations.

It's NOT some pissant junior whose reserves are (Nil), whose only income comes from a check HBM writes quarterly, and whose assets consist of a collection of spare parts that are in no way accretive.

HBM doesn't care about Callinan because management is either too stupid or too preocupied to make HBM care about Callinan. The only thing Roland is interested in saying to HBM is "Yes Massah!" Anything else, including "Where the hell do you get off destroying documents?", runs the risk of upsetting the paymaster, and ruining his cute little royalty gig.

<< Previous
Bullboard Posts
Next >>