Callinan Royalties Corporation CCNMF

Maybe the paint has finally dried

[AARMY]

Tough markets so can't blame management too much here. Roland could of over paid for many companies in his first year as CEO. Thank god he didn't. I think the sharks are surrounding us as we speak and an offer is imminent. The second half of 2012 may finally reward us long term shareholders. My guess would be a 1 for 2 paper offer from HBM to start. This should be laughed at. Hopefully another Royalty Co. takes a stab at us first. In this market $6 - $7 works for me as I can find plenty of beaten up name's to make my next bet. Hopefully the long term holders held on, the patience should finally be rewarded by the end of he year.

[muffin17]

You may have hit the nail on the head AARMY.  From Hudbay's perspective it would be an immediate accretive move t0 take out Callinan.  Hudbay needs about $400m in cash to finance it new mine developement in Peru (Constantia asset).   If the offer was a 2 CAA shares per Hudbay share and was successful, then Hudbay: is only diluted by 25m shares, eliminates $25m  a year