Post by
Canadamoose on Oct 24, 2014 11:42am
Questions
I have no idea what could be going on or what the agenda is. The issues are
1. does someone have designs on spending the 25 million on the theory that valuations are down and most importantly that this money is OPM and the OPM providers are the stockholders in CAA
2. Is this to get Hudbay off the hook easy?
3. Could Butler have been screwing up? His investment in Sokomon Iron of around $ 1 million was sort of a good old boys gift from his CAA treasury to cronies from NL
4. The copper mine investment in Arizona is controlled by a NL operative Morabito who is not exactly someone you would put money behind given the options of more qualified mining people.
5. Gold Royalty I find interesting. The 5 million convertable loan is supposedly secured by all the assets of Gold Royalty. GRO is one sorry company for sure. But it does have a market cap in this down market of around 5 million and apparently a producing royalty. The royalty wont be close to paying off the loan but is something. The loan is due in 2016. Wonder if Butler would have had the stomach to take the company and put their stockholders in the street and what it would cost in legal fees to do that.
I just dont know but the status quo had an element of short term safety at these stock prices and given the current financials. Now we do not know what is going on which means the stock price may be in play up or down.
Canada Moose