HBM - an investor's companyHBM is an investors' company more so than a trader's company. This is the essential difference as the posts tend to reveal - the two sides logged at battle all the time trying to pit each other's wit which is IMO a waste of time. In any case if you are an investor in HBM (and for that matter in any other mining company of substance and definite production growth through actual production as well as through drilling up new resources) you will remain better off invested than leaving your money in GIC's earning 3%. If you are a long term investor, providing for a nice retirement nest egg than your view is understandably macro rather than micro. The macro view is that base metal growth is expected to be maintained in the resource hungry developing nations and slow in the less resource hungry wealth nations. Neil Charnock in an article www.kitcometals dated 22 jan.2008 said he saw copper rising in 2007 and it did.This year, he sees zinc and lead in the same position as copper was this time last year. He feels zinc and lead have reached their base value at this time and there is a high probability they will range trade this year, mostly above this price level. Neil believes in decoupling of base metal demand globally even as US tanks.
HBM has also in its favor besides large quantities of zinc, copper, gold and silver all of which are still bullish.
Short term fluctuations in HBM's SP do not scare me as I am a long term investor. A penny stock maybe since the latter are built on faint hopes and perhaps a good story - nothing more.