Hecla Mining Co (HL)

[FinancialAdvisor]

December 2007 is a way long time ago in terms of this company, currently I estimate they have next to nothing in cash reserves, they had 10x less cash in December of 2008.

I'm still not sure how exactly they paid off their recent loan that was due early in Feburary, judging by how the market reacted reacted at that time and till now, I'm guessing it was a bit dilutive or the financing wasn't exactly company friendly.

So I'm kind of watching and waiting for the market to give this one a better direction. It looks like this is yet another company where the common shareholders are getting the bitter end of the deal and the preferred are sucking up the company's assets.

As it stands right now, I guess HL will test under a buck a share soon.