Volatility & M&A issueIts amazing how fast HBM's SP jumps around from minute to minute, and has a fairly lg. daily trading range. Seems it has always been so, for whatever reason.
HBM is doing quite well given what seems the Financial Press' repeated and seemingly endless attempts to diss copper.
As far as M&A goes, I think it is a matter or time for HBM, but my "old Teck" theory seems a no go, as Teck seems intent on diversifying into NON-LME metals/resources. I am thinking a 3-way merger of HBM/AUR/Inmet is a very possible conclusion. It makes sense, and would create a base metal/PM powerhouse. They could spin off the PMs into a Newco. Remember a couple years back AUR/Inmet came close to merging. Maybe HBM is the catalyst to make it happen now?
Good investing!