RE: salt and pepper I'm sure this has been a very gut rentching last couple of weeks for all LCC shareholders. We just haven't seen this kind of price action ever for LCC.
I will admit that I sold 30% of my position back when LCC was $13 which isn't to long ago. I truly believe this is just panick selling right now as shareholders like myself are trying to lock in a percentage of their gains and just no buyers out there in this resource slamming market.
I really can't believe that the Argentinian government would take LCC or bad drill results would warrent a 50% drop in share price.
Having said that, I believe its high time that Strang came out and calmed the shareholders down by saying that nothing is going on eternally and this is just the actions of a volatile market.
Sure LCC is tainted and the goal posts have moved since the Government actions however the price of copper has not crashed so I have to believe that LCC is getting pummeled based on panick to lock in profits, and just no buyers out there who want to catch a falling knife or not knowing whats wrong with this company.
Hope is not a strategy but I wishing for it.
Good luck,
Helios