RE: RE: RE: Share price and HBM seeking assetsYogi unfortunately there is not very much on the M/A table that can make a near term production impact they can afford without issuing additional shares and maintain enough working capital. I am not sure Glencore would not want to dilute its interest here at this stink price.
The only four copper/gold names that I can think of they might be able to acquire that can make an immediate production impact within 6 months time without diluting Glencore's current equity interest without forcing them to add to capital and be financially able to forward the other projects would be Zaruma Resources, Century Mining, First Metals and Nord Resources so the remaining pickings are very slim and all of them have detracting risk issues.
Glencore happens to hold most of the outstanding debt on Zaruma's project and they have have stood firm on any potential renogotiationhe upper hand on the resumption of remaining construction of the mine thus I must assume Glencore has an interest in perhaps operating the concession themselves so there is some probabilty the project might fall into Orvana's lap on a debt for equity swap.
Likely what will happen is the company will develop El Vlalle and UMZ and wait for enough cash flow accumulation to forward Copperwood.