Lumina Copper Corp LCPRF

What now?

[omgwtf]

Market conditions again? or is there a reason for recent drop?

[Helios]

I'm starting to smell a little market manipulation myself. Although the volume has been extremely low the recent announcements and new drill areas you would think would have put a bottom in on this company. Other mining companies in Argentina are doing just fine stock wise. This is so frustrating right now to see.   Staying long.... Helios

[Helios]

Clearly the market action though is indicating that LCC will not be bought out by any mining company during these global conditions for now.

[MidasTouchez]

There's always hope on the sidelines: BHP, Teck, or the Chinese. But the Chinese won't pay over the odds. I still say that there is more chance that there is going to be some expansion of the claims than there is of a takeover.  I think it is 100 times more likely that they will add more claims or JV before there is a takeover.  More than that, I don't think that Lumina is

[yopeace12]

Helios- What companies with large mining operations in Argentina are you referring to?  Thanks.    

[blueberryboy]

There will be no JV.  Ross is in the business of proving up then selling his properties.  I predict a sale this summer. Cheers

[MidasTouchez]

Before the end of August! I've already bet 250k that Lumina can't do it without a deal. How much did you bet that there is going to be a sale this summer?

[Helios]

Guys I spoke way to soon. Having checked a few miners in Argentina,they have been creamed over the last 2 months like LCC.  Beatty has said that he is not an investor and can only sell once not like an us. So the question really is, do they keep drilling until the end of the year and hope the resource grows to 40 billion pounds of high grade copper or sell right now and take maybe $17-$20 per