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Lumina Copper Corp LCPRF



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.

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