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Bullboard - Stock Discussion Forum La Mancha Resources Inc LACHF

GREY:LACHF - Post Discussion

La Mancha Resources Inc > Looking Good
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Post by Mantracker on Feb 17, 2009 9:15pm

Looking Good

Now that was a good nr with the White Foil Mine starting up we will soon be getting alot more attention it is hard to beleive that LMA is trading in the .37-.40 range ,IMO this is going to change very soon we should see some huge volume days coming and a huge hike in share price I have done my DD here and find this to be the cheapest company to buy into for a producer
Comment by goldnsil on Feb 18, 2009 9:55am
You are right about this one. I found about this today by accident at Kitco. Could not believe the the NR. Didsome research and looked at the MC compared to other gold juniors. The price is amazing for a gold producer,did not even hear of them until today. This one looks like a fantastic opportunity at todays price.
Comment by eopper on Feb 18, 2009 10:40am
I agree on MC-that is what brought me in to LMA.  I also own CGLD.ob and another low market cap(increasing production)MTO.v-Metanor.  GLTYou.
Comment by pokinfun on Feb 18, 2009 7:27pm
This post has been removed in accordance with Community Policy
Comment by RedHorizon on Feb 18, 2009 8:38pm
Pokinfun:LMA has plenty of liquidity, checkout the company presentation on their website.  They do have some debt but it is not a material issue at this time.  Most importantly they are cash flow positive and their costs are coming down.  They recently announced that their expected costs for their 3 main mines will be $497 per ounce for 2009.In 2008 their costs were above $500 per ...more  
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