La Mancha Resources Inc LACHF

Trading halted

[BearBullBrian]

Offer on the way? The company has been on the market for a while now. I very much doubt it's any kind of financing.

BBB

[stocktrader1407]

  13 Jul 2012 09:37 ET CNW Group The following issues have been halted by IIROC: Company: La Mancha Resources Inc. TSX Symbol: LMA (all issues) Reason: Pending News Halt Time (ET): 9:27: AM ET The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed

[ak27]

it could be an offer, but also a NR related to the outcome of the ownership negotiations in Sudan. Tomorrow is July 14, the national holliday of France and suspect the news release is timed to coincide with the market closing in France.    

[ak27]

Barrick Gold to Buy Equinox for $7.66 Billion, Topping Offer by Minmetals By Christopher Donville and Sean B. Pasternak - Apr 25, 2011 8:55 PM ET Barrick Gold Corp. (ABX), the world’s biggest gold company, agreed to buy copper producer Equinox Minerals Ltd. (EQN) for C$7.32 billion ($7.66 billion) in cash, topping a hostile offer from China&CloseCurlyQuote

[jrj90620]

Sure is a long halt.Almost 3 hours now.No cheap cash buyout,I hope.

[jrj90620]

Editorial today in the NY Times today about Sudan and So Sudan both broke and desparate for cash.That might induce Sudan to sell more ownership to LMA.

[ak27]

terrible timing  and price - could not asked for worst timing.  At one point last yearLMA was valued $5

[stocktrader1407]

Very bad price indeed. This Company is worth alot more than this stink bid..

[fsu99]

yup, im not complaining since my average is 2.50, but it is somewhat disappointing. unfortunately most quality companies are going to be taken out on the cheap.

[stocktrader1407]

Does anyone know when we get a chance to vote on this offer? Thanks in advance.

[jrj90620]

Your vote won't matter.Areva owns 63% so they get the final decision.So,unless the buyer backs out,it's sold for C$3.50.

[EDGE66]

Rightly so !

[jrj90620]

https://www.bloomberg.com/news/2012-07-13/sawiris-to-buy-gold-miner-la-mancha-for-492-million.html