Lundin Mining LMC LUN.to Update

Move to appointment of the new CEO should be only first step in recent shake up of the Company. Guys inside looks like understand the situation and new leadership was needed for a change. We can expect few new moves within the company, it is going to reposition itself. Now market is accounting its value as a Zinc company when in fact only around of 25% of its revenue comes from Zinc. From now on much attention will be put to execution and positioning of the company in the investment community. Stock is among 20 top shorted stocks on TSX now and shareholders definitely must demand better communication from new CEO. Actually the guy was brought back from the retirement and he was in charge before for Alumbrera and Tenke Mining during the war after that. The major value which will bring totally new meaning to the company is Tenke Fungurume. PHD was drilling for 20 months now without reporting any new resources, they can not promote it before the official resolution from DRC. They are behind the schedule on time and money, but everything is speeding up now with 20 new guys put in place in DRC and the guy in charge there is from Indonesia development team. Latest reported rout was actually some kind of bogus fraud from locals, somebody promised to villagers employment at that day and even charged them with 30 bucks each. There is no any serious issues at the moment and work is going at full speed. All this information based on rumours and unofficial sources. Shorts will be smashed to the wall as soon as market will realise real asset value in this story.

http://www.theglobeandmail.com/servlet/story/LAC.20080117.RLUNDIN17/TPStory/Business