primary business is mineral exploration

Royalty interest in two producing mines in Flin Flon, Manitoba

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Message: Callinan Mines Issues Clarification 03-31-08

http://www.callinan.com/i/pdf/CourtofQueensBenchReasons.pdf

 

The text of the   decission is  very interesting  and   shows that the  judge is indicating that   Hudbay  is in  beach of the  agreement.... Looks  like  there  should be  some  progress in  30 days  toward providing  significant information  to CAA....If they  don't  they  may be in contempt of  court....

 

 

Also  since  Hudbay  is  making  payments now  based  on  some  secret  formula they  have  come up with,  which  has been  hidden  from  CAA... it  is evident  that   Hudbay  is  also  defrauding it's  own shareholders  by  not  having a  contingent  liabilty stated on their  financial for the  pending  court action in  progress..... this is  something  the  exchange  should look into.

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