GREY:LCPRF - Post by User
Comment by
Shabadooon Feb 28, 2013 2:52pm
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Post# 21057245
RE: trading volume
RE: trading volume I was at the AGM yesterday. It was very positive. PEA will be coming out sometime next month, and after that it is basically a waiting game until they get the price they are looking for. What was new, and quite interesting, is that China is now apparently quite interested in the project. David Strang was just in Beijing speaking to a number of potential buyers. Mr. Strang also indicated that there have already been 11 companies in taking a look at LCC, 3 of which had been very interested.
Mr. Strang also addressed the Argentinian situation, and the message there is that the political situation is getting better. The President seems to be leaning more on her more moderate advisors, so the hope is that government policies will head somewhat towards a more business friendly approach. He also noted that the costs of doing business in Argentina are now a lot more favourable than those in Chile.
There seemed to be quite a few analysts at the meeting, so I would guess coverage of LCC may ramp up some in the coming weeks/months.