GREY:LACHF - Post by User
Comment by
DetVicMackeyon Feb 08, 2011 5:14am
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Post# 18092079
RE: Still very cheap
RE: Still very cheapI think the market discount is due to the location of LMA's 4 mines. Ity is in Cote D'Ivoire which has periodic civil unrest. Hassai is in Sudan and have similar issues. White Foil and Frog's Leg are getting hit with higher costs due to the Aussie super-tax and stronger AUD. While all these are causes for concern, the discount is just too much and I think an opportunity exists on closing the valuation gap. As you say, management is top notch and should deliver on low expectations set forth by the market.