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4/28/16

HudBay (HBM) (HBM.to) 1q16 numbers

IKN Nerve Centre has had a freakin' fascinating evening checking out the HBM 1q16 financials (more a reflection of my sad-ass life than anything else but hey, I'll live). Anyway, about a thousand things worth commenting about in the report and most of them will be on Sunday in IKN364, but here's just one little taster:
  • HBM 2q15 liquidity position, to quote that quarter's MD&A: "At June 30, 2015, we had total pro-forma available and committed liquidity of approximately $436.6 million..."
  • HBM 3q15 liquidity position, to quote that quarter's MD&A: "As at September 30, 2015, we had total liquidity of approximately $300 million..."
  • HBM 4q15 liquidity position, to quote that quarter's MD&A: "As at December 31, 2015, we had total liquidity of approximately $288 million..."
  • HBM 1q16 liquidity position, to quote that quarter's MD&A:"As at March 31, 2016, we had total liquidity of approximately $190.1 million..."

Can't see any problem there. Oh...Wait...