Lundin Mining Company (fkaLMC)

[ralfalf]

I grabbed some on the day of the merger announcement and have sweated out the last couple days. Hoping to see green tomorrow. I think the market might just rally a bit more too, which can only help.

The Motley Fool likes the deal.

"As the full value of this acquisition by Canada's HudBay Minerals comes to light in time, however, I believe that investors' hearts may yet grow larger. Announced at a value of C$800 million ($630 million), HudBay's acquisition of Lundin Mining (NYSE: LMC) -- which creates Canada's second-largest base metal miner after Teck Cominco(NYSE: TCK) -- was reduced to an effective purchase price of just around C$500 million ($400 million) after investors tore into HudBay's shares on Friday."

"Upon completion of the deal, HudBay expects to hold C$900 million ($731 million) in cash. Considering the resources thus acquired, I believe this deal is a steal for HudBay."

Full article here:

http://www.fool.com/investing/dividends-income/2008/11/24/how-the-grinch-stole-lundin.aspx