La Mancha Resources Inc LACHF

Q-reports WOW

[Packice]

Strong reports so far this year - the market however shows no interest.

With CA coming up soon and most likely with more strong figures, ex net earnings per share at 8+ cents for the quarter  indicating a yearly potential around 30-40 cents per share, one wonders if the markets will continue to hold the valuation at p/e 6 and most propel lower than that for coming years??

Deducting cash from enterprize value makes this even more compelling!!

[jrj90620]

Also,a good chance this company will be taken over.Areva divested it's gold asset into La Mancha for 63% of the shares.I don't think Areva wants to be in the gold mining business.They might accept a decent offer.I'm thinking maybe C$5 a share.