QUA- The $1.12 they reported in Q1 earnings are in US$, not Can$. Also their reported earnings were already reduced 28% by income taxes and future income tax expenses. Also Q1 revenue #s were based on an average sale price of $2.66. Q2 copper prices will be much higher (today Cu is at $3.60 and rising). The last of their hedges will be gone after the current quarter (Q2). Still very cheap, IMO. Sold my remaining LIM to buy more QUA.
Speaking of LIM, I recently received the circular on the buyout by Xtrata and had the time to look it over last weekend. I see the bums in senior management and on the BOD sure spared no greed when it came to helping themselves at the big money trough in the xstrata buyout. For example, the CEO of LIM was given 200,000 free bonus shares two weeks before the buyout was announced AND will get 3 years worth of base salary AND will get 3X the average amount of his bonuses for the last 3 years once the buyout occurs... Grrrr..
