GREY:LCPRF - Post by User
Post by
longchrison Jun 21, 2012 6:50am
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Post# 20037793
Who's John Goldsmith
Who's John Goldsmith It's probably not the time to mind every rumor on the street. Therefore can somebody comment the statement below?
"Mr John Goldsmith who helps manage about CAD 5.1 billion at Montrusco Bolton Investments is skeptical that Lumina will ultimately be acquired. He said the cost of turning an undeveloped deposit into a copper producing mine in Argentina is too great and that mining companies will be wary of operating in a country where their assets can be nationalized.
He said that “I don’t think anybody is going to be knocking at the door anytime soon. Anyone who wants to purchase Lumina is going to have to sink a boatload of money into this.”
https://www.steelguru.com/metals_news/Lumina_Copper_invites_BHP_deal_with_Argentine_discount/269561.html
Staying Long