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home / news releases / HBM:CC - Nova Royalty: Funding Needs And Falling Copper Prices Are A Bad Combination

HBM:CC - Nova Royalty: Funding Needs And Falling Copper Prices Are A Bad Combination

Hudbay Minerals Inc.
  • The company has added a cash-flowing royalty to its portfolio, but its G&A expenses are about 3 times higher than its revenues.
  • With just $1.5 million in the bank as of May 24, it seems that a large capital increase by the end of 2022 is inevitable.
  • However, copper prices are falling as the recession fears are growing around the world.
  • I think that there could be significant stock dilution here and that risk-averse investors should avoid Nova Royalty stock.

For further details see:

Nova Royalty: Funding Needs And Falling Copper Prices Are A Bad Combination
Stock Information
Company Name: Hudbay Minerals Inc.
Stock Symbol: HBM:CC
Market: TSXC
Website: hudbayminerals.com
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