Finnish Miner Down 87% in 2013 is Big Money Maker For Hedge Funds

Talvivaara Mining Company Plc (LON:TALV) (HEL:TLV1V) (FRA:TM7) a Finnish mining company, has been getting some serious attention from hedge funds profiting on their short positions. In one trading session, Talvivaara Mining Company Plc (LON:TALV) lost 64 percent of its market value, plummeting from 93.25 pence to 31 pence on the March 11. It gets worse, Talvivaara is now down to 14 pence today and has lost 86 percent of its market cap YTD which means that from 1.95 billion pounds, it is down to 269 million today. The nickel miner has been bogged down by scarce funding and virtually no assets to payoff on its contracts….