RE: Quadra and the growth mantra..From the article posted by bjorn...
"HudBay stock has plunged about 57 per cent since it unveiled the friendly deal, which saddled the company with the cost of constructing the $1.1-billion (U.S.) project at a time when the price of nickel has fallen off a cliff.
Just four months later, CEO Allen Palmiere and HudBay are delaying construction of Fenix. The company said late Tuesday it is suspending construction “in light of the significant deterioration in metals prices and recent global economic uncertainty.”
Analysts at UBS Securities said in a recent note that HudBay could incur costs of about $100-million to suspend the nickel mine."
We see this GROWTH thing isn't always so easy or a sure thing...Mistakes in timing and otherwise can be made... ML managment super stars take note..had your acquisition attempt not fallen short we'd have another base metal mine to develop right in the depths of the recesssion. Heck, in that case ML would likely be selling for half of what it is now...one....
"Mr. Blythe said that Quadra is looking for a friendly all-stock merger or acquisition. "
Well, I suspect the ML boys will only snarl at Mr. Blythe should he come a calling..(Do you suppose Mr. Blythe comes from Blythe?)....ML is "worth $20!!!!" I saw that in print right here on this board in quotation of our leadership, but of course that's down the road when phases one and two of the company's expansion are completed... Maybe Mr. Blythe and our boys ought to have a sit down together in Blythe at some luxury hotel..Motel 6 probably in Blythe, some time in JULY would be nice......