RE:.58$.... ok wtf going on On Sunday, May 5th Trump's tweet ended any hope we would see a trade deal any time soon as i'm sure you know. Lundin is -6% since then, Capstone is down 7%, Copper Mtn is down 8%, Taseko is down 18%, Hudbay down 22%. Problem is if you look at YTD numbers that CS has greatly underperformed (this despite having a good Q1). They are down 4% YTD despite copper prices up 2%, and peers like TKO +15%, CMMC +27%, ERO +81% etc, etc.
Is there balance sheet the problem? No, I see Analysts don't worry about that at all. Net debt to ebitda is ~1.2x which is fine (CMMC, TKO have 2.8 and 3.2x respectively by comparison). I think it is a serious image problem. Perhaps this improves if they were to have a string of good news including a series of good operational quarters, sale of Minto to make story cleaner, and get a strategic partner for Santo Domingo (i.e. sale of 50% of the project). The latter would force analysts to give some value in their analysis - most currently give zero or very little.
I like CS because it is so beat up and the valuation is really appealing.
GuyMining