RE: LUN has crap assetsOnce people start to see the assets of Lundin, they should be glad to get such assets at this price.
Hmmm. LUN is hemorrhaging cash. All of their mines are losing money. Tenke is still 9-12 months away from completion and it's the only asset worthwhile - But even it is surrounded by controversy about the DRC mining review and how much ownership they'll they have to give back to the DRC.
LUN have yet to write down the $125MM plus millions more in exploration costs for Ozernoye. HBM shareholders will ge that "benefit" now.
Their biggest problem was having enough cash to execute their plans.
LOL. An understatement if I ever saw one...