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  • Lundin: The Biggest Family in Natural Resources
    I followed EuroZinc Mining before they were acquired by Lundin Mining and let me tell you Lundin did a terrible job. EZM was a terrific mining company with excellent margins and a huge mine with incredible expansion possibilities. Standing alone they would be a great mid-tier miner. The Lundin's acquired the company at an incredibly cheap price (I believe the EZM CEO was in their pocket and kinda pressured the BOD to give a favourable recommendation). The purchase was fully funded by issuing LMC shares which in turn diluted the company so much that their per share earnings are now lower than they were before even though they got the incredibly lean and profitable EuroZinc.
    Jul 31 12:12 pm |Rating: 0 0 |Link to Comment |View article

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