IKN

children of an idle brain

HudBay (HBM)

A new 52 week (and decade for that matter) low from HudBay (HBM) this morning. Now down 22% from the Garofalo goodbye announcement, just ten days ago. HBM’s market cap is now 50% of the cash it spent to build Constancia. The Alan Haircut continues.

As we bide our time and wait for the Janet Show on Wednesday, as Lawrence Williams correctly notes this morning.

UPDATE PM: I’m sorry, did I day 22% this morning? I meant 24.5%. Wow there must be some nasty gossip going round HBM or something…

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