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researcher59 - HudBay - AMEX

This is what I know from Bob:

Posted by: Bobwins
In reply to: None Date:4/24/2006 3:37:57 PM
Post #of 43443

Talked with IR at HUDBAY Minerals to ask about possible AMEX listing so more of you would feel comfortable buying it. He said CFO and CEO were in NY twice in the last 4 weeks to present to brokers and investors. There is an agreement with AMEX for Toronto listed stocks that makes it easier for them to list on AMEX quickly. IR said it's not been decided but it's on the table for discussion and they would have to analyze whether it would be worth it to the company to list on US exchange.

So it's available but no time frame. I also asked about why they did a 20 million PP. Seems like they have lots of cash(buying back debt for 31 million) and cashflow has to be increasing with commodity prices. He said they are also looking to expand in both exploration and possibly acquisition to increase reserves and production. Their goal is to be debt free this year and the 20 million may allow them to use the cash on hand for that purpose while still having a decent exploration program.

Q1 financials due out 5/12/06 so we will see then how the increased commodities prices affected the bottom line. I am expecting more good news. Bought more shares today at around 11.30 US$. EZM was up 2% today while HUDBAY was off 3.7%. Not sure what impact the warrant offer had on shares. I still think the fundamentals here are very positive. US$20+ by Xmas 2006. Bobwins