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Bullboard - Stock Discussion Forum Lumina Copper Corp LCPRF

GREY:LCPRF - Post Discussion

Lumina Copper Corp > maybe this is it
View:
Post by yopeace12 on Oct 20, 2011 4:37pm

maybe this is it

     (Updates withpossible targets in third paragraph.)

 

By Maciej Martewicz and Christopher Donville

     Oct. 20(Bloomberg) -- KGHM Polska Miedz SA, Poland’s sole

copper producer, will place a bid for a Canada-based mining

company in early November as part of its foreign expansion.

     Thestate-controlled company, which forecasts net income of

9.64 billion zloty ($3 billion) this year, will finance the

acquisition with its own funds, Chief Executive OfficerHerbert

Wirth told reporters today in Lubin, Poland, withoutdisclosing

the name of the target.

     Nevada CopperCorp., Lumina Copper Corp. and Candente

Copper Corp. are among possible takeover targets, Scotia

Capital’s mining sales desk in Toronto said today in a noteto

clients. The mining companies each have development projects

with the potential to produce at least 250 million pounds of

copper a year, Scotia said.

Comment by Helios on Oct 20, 2011 6:07pm
Oh man I hope so..The behaviour of the stock throughout this correction has been excellent. With the drop in copper prices, I said it before and will say it again, Beatty and Company would be smart to sell now than later. Fingers crossed..
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