GREY:LCPRF - Post by User
Post by
yopeace12on Jun 02, 2013 6:12pm
237 Views
Post# 21473335
environment
environment Offers may come in. However, it is about what management will deem as acceptable. People on this board have suggested management will not accept anything under $15. Fact of the matter is we are trading under $7 and the current environment is most likely going to get worse before it gets better. Majors aren't willing to spend 3 billion to develop a mine currently.The situation in Argentina most likely will not change until October when elections are due and obviously is still weighing on Lumina. However, you would think that a smart major would be able to look 4 years out. Personally, I would be thrilled with a $15 offer. Yes, I realize it may be short sighted but this management team has work to do with other companies as well.