GREY:LCPRF - Post by User
Comment by
suscenon Aug 20, 2012 8:33am
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Post# 20236325
RE: Lumina Copper gets buy-rating
RE: Lumina Copper gets buy-rating 1/ Article in 'Moneytalk' 16/08/'12 : no new info; repeats that the company put itself for sale; a project of this size (it could get as important as the worlds biggest coppermine Escondida in Chile) is only for the major mining companies like BHP Billiton, Vale, Rio Tinto and Freeport McMoran. Negociations could therefor take a little longer. Sale of the company is thought to be signed before the end of the year. Nav of the Taca Taca project between 800m and 1b cad (between 20 and 25 cad/sh). Sellingprice expected to be at least 600m cad against a marketcap of less than 350m cad (date art. 16/08). The stock is considered to be very interesting again given the considerable drop since the Argentina story.
2/ Article in 'De Standaard' 20/08/'12 : Boris Cukon, fundmanager Fuchs Global Natural Resources talks about the actual colour of the markets and about Lumina Copper which, with around 10%, is the biggest holding in his portfolio. Lumina Copper, coppermine in development, once proven how much actually is in the Taca Taca underground, will be sold to a major miningcompany at considerable higher price than the actual stockprice. The Argeninta story was a major backdrop for the value of Lumina. B. Cukon sees no similarities with the Repsol-case.
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No info on the JV theory.
To be continued