Hudbay Minerals Inc T.HBM

Bull flag

[666999]

Is forming, there is one more leg up, to finish pattern,

[woody999]

Please explain how you see a bull flag.  What chart are you using?

[666999]

Share price is at resistance, 10% more upside if market and metal prices hold, chart is repeating, as we get close to 3rd Qr numbers, so will share price rise, more will be clear after that, but I do not have crystal ball , glta

[666999]

Resistance is cleared, breakout is here as expected, lets where will share price close this week

[666999]

Good close on a down day, despite sell off after breakout, things looking good going forward

[666999]

As expected last breakout has finnish pattern, and sell off, 

[Cuisdafuture]

How can the breakout be finished  :) The real breakout won't even start till H2 2025. 

[woody999]

There was SLIGHT resistance at  $ 13.29, but that's only for short term traders. Hopefully it is the new support level. I pay more attention to the copper charts myself. That is way more important at this stage of the game.

[Cuisdafuture]

I could see this stock rising a $1 a month for the next few months. Once we get our permit, and start to "seek" a JV partner (aka buyer) we should be $16+ and looking for a $20+ buyout target. 

[woody999]

Yes .....16 to 18 by this spring seems doable.  I dont think there will be a buyer though. I'll bet that someone like Mitsubishi Metals does a deal for 25% of Copper world. they do it quite often. They still own 25% of Copper mountain mine.

[666999]

Maybe Hbm will not need JV, 1,2 B $ in not a lot of money for company, more will be clear after 3rd Qr free cash flow, if gold goes to 3000, Cu to 5,5 what is fair price for company, maybe it will be better if there is no takeover, Hbm has a lot of room to grow on its own, investors will revard great mgmt, and Hbm has one, so I do not worry going forward

[woody999]

I agree with that , It's not a lot of money for them. I would like to see it stay as a stand alone canadian company. In a few years it will be squirting out a ton of cash.  A nice divvy and SP should be in the 20'S as well.  Best long term hold that I know of in Canada.

[666999]

Hbm dont mine just Cu, all metal prices are important 

[666999]

Pattern started at $ 6.79  ;)