In the year2009 markets will be long remembered for an historical bottom, at the very least an incredible buying opportunity.
It was alsothe year Canadian Royalties was bought by JJ and Goldbrook.
At thismomemt couples4 gets really pissed and keeps complaining he only ends up with a4 bagger. So roadking knowing couples4 intel Takes 3 bagger profits from theCUU call he had given me B4, and starts to follow the story. I can’t invest with JJin Shanghai but invest in GBK not knowing about what kind of chefs are cookingin the kitchen.
If you havea share or interested in buying this google is his must read of all reads.
No copy andpaste available for this favor so Istrongly suggest you all do this> Google “a Canadian Nickelinvestment alternative” an click the first PDF that pops up from equitystory.com to read the great roadshow puton by Canadian Royalties to tell shareholders to reject JJ and Goldbrooks takeover offer 3 years before any production can be done.
Let's go offstockhouse for a bit and read the Canadian Royalties excellent presentation But Do google it and come back andread the rest of this post. (please do this or many of you will have trouble following the continuation of post).
Canadian Royalties at the moment of this presentation had 2 huge strikes against them, 3 years away from production and financing the capital expenditures of massive project.
Take thatinfo and take ridiculous low take over price of 185 million dollars that got the deal done. We have in October 2011, 25 % of the take over ofCanadian Royalties with a share float of 210 million times 0.17 a share whichequals 35 million dollars market cap. JJ and GBK have prooven resources of x amount ofnickel. X amount of doctor copper, x in gold x in cobalt etc and veryimportantly 8 months from production instead of 3 years and tell moi whyKingDick Baker of the board is doing a pp at0.15after all confirmation ofarbitration rulings in his favor.
In 2007Canacord was calling Canadian Royalties too cheap at 3.50 ashare (rememember we have 25%)andshould be trading at between 6$ and 10$ and you can find many others making same kind of call during the boom.
Don’t takemy word, here is the link below from 2007
https://www.mexicomike.ca/php/phpBB2/viewtopic.php?t=6446&view=previous&sid=3d6a1c3c943e91bba188097c44c9ed2d
as Irepeatabely mention, I maybe cannot fill a pp a 0.25 pp with 0.50 warrants thatinterest me the most, but I can certainly arrange it. I have one partner that willtake 50% of my pp as long as warrants are attatch.
When I mademy money in 2009 I will always remember the commercial real estate evaluatorsent by my bank telling me I was not making a deal...I was making a steal. Inow have the same feeling especially if the chefs get out of the kitchen. Thereis nothing to cook for gods sakes...In the binding agreement JJ must financeall capital expenditures, If GBK was smart, we could change our name for GoldbrookRoyalties and just wait for the postman to deliver monthly checks of 25% ofresources for at least 20 years on a 850 square klm property without any otherfindings acrossthe fence to Xstrata who we already know is investing an additionnalbillion with a B dollars and JJ doubling investment to 800 million.
I have yetto digest the 52 million share dilution done in May this year, but hey someonemust pay the legal fees and at that time it was before 2 months before thehaltand someone has to pay the legalfees. I had only a problem with the warrants at 0.25 because we all know ifthe stock is trading below they will not excersed them, so i’m only pissed thatthey were not at least 0.50. because for people doing the math 0.50 puts CanadianRoyalties only at 2 bucks andmorethan 2 bucks below there high 5 years before production .
GBK is pp....JJ is caca and I feel i’m in the septink tank.
At annual shareholders meeting this December 15 in Vancouver if poisson pill is not announced asreactivated as of November 18 2011. They again give it to from behind..Only explaining this because I know of atleast 3 shareholders that do not yet know or understand that for every 1 sharewe own, we have the right of half of a share if a hostile bid comes in.
Can someone please explain to me why we even keep this expensive office in Vancouver?
P.S. nottoo late to protest pickpocket pp by email to goldbrook, no release that pp has beenfilled as of this weekend.