…I’d have stared hard more than once at the HudBay (HBM) share price performance chart more than a few times in the last couple of weeks and thought “WTF are we doing?”:
The Alan Haircut isn’t the only story in that squiggly line. The main one is how a CEO overburdened his company with debt and has failed to return any sort of advantage.
That and the more prosaic parts of running a company, like the way Constancia is producing plenty of concentrate but nobody thought about how they’d be able to get it down the hill in Peru and onto a ship. The bottleneck is still pretty crazy, we hear.