Just Thinking Out LoudI was reading a research report on Lundin Mining.Here’s was part of the report.
“He addresses the stock’s recent price weakness stating, “Lundin’s share price performance has been impacted by uncertainty around Chile’s upcoming presidential election/constitutional reform and associated impact on royalty rates in the country. Additionally, the company recently lowered 2021 production guidance at Candelaria (52 per cent of net asset value) and expects 2022/2023 production to be 10 per cent to 15 per cent lower as a result of revised LOM [life of mine] planning. Three-year guidance is anticipated later this year with Chile’s new constitution expected to be ratified in mid-2022 providing more clarity to near-term operating assumptions.”
Here’s my thoughts.
Mari would be a nice fit for them but the Government Issues are probably a roadblock now. It’s probably a road block for other interested parties.
So my wildest guess is that I will not see a buyout till at least mid 2022 as long as the government does do anything drastic.
JMHO