Re: Wishlist For August
in response to
by
posted on
Jul 24, 2011 12:20PM
Once the value of the Goldex Royalty can be derived there are several options for that asset.... PRB could simply wait to see the value established via quartery payments.... This will be in the long run a cash cow..... One only has to look at CAA to see how such a royalty asset can drive value for shareholders. This may take a couple years but well worth the wait. Hopefully AEM is more co operative than HBM was with CAA.... Their conflict has set a strong president for the jr holding the royalty though, something AEM should be aware of! If you screw the little guy the courts will lean toward the jr and the intent of the contractual arangement..... I would bet/ hope CAA ends up with punative damages down the road shortly. That will send a very strong message to large copmpanies that take an asset without compensating the jr appropriately....JMHO