OTCPK:CPPMF - Post by User
Post by
Galvanizeron Apr 13, 2023 5:07pm
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Post# 35393982
Interesting Press Release comments
Interesting Press Release comments"estimated US$30 million per year of operating efficiencies and corporate synergies, including approximately US$20 million per year from operating cost reductions through the application of Hudbay’s operating efficiency practices to the Copper Mountain mine" - not a strong endorsement fo current CMMC management
"arrangement will require the approval of at least 66 2/3% of the votes cast by the shareholders of Copper Mountain"
"enhanced exposure to rising copper prices" - CMMC would have benefited with rising copper prices even without this takeover