GREY:LACHF - Post by User
Comment by
Bobwinson Aug 19, 2009 2:07pm
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Post# 16231650
RE: RE: Dundee knows/ SMF is looking to aquire
RE: RE: Dundee knows/ SMF is looking to aquireUnlikely that LMA would be the target. SMF.to is looking for West African prospects. They were looking closely at near term prospects but LMA's West African mines are low ouput and would not significantly improve SMF numbers. They need a mine the size of Mana or bigger to make an impact on their total company production.$0$0$0$0LMA does have multiple prospects in their portfolio and maybe SMF would buy them for that but as the previous poster noted, Areva is not going to let LMA go for cheap. SMF has been disciplined in their mgmt and I doubt they would pay up for the current producing mines of LMA and question whether they have the financing power to fully fund Hassai by themselves IF it eventually can be built. $0$0$0$0$0$0$0