Post by
yopeace12 on Jun 02, 2013 6:12pm
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.
Comment by
blueberryboy on Jun 04, 2013 7:46pm
Strategic review was announced last year. It's been a year with no update and no value has been created for the share holders. Last year this time Ross said to watch this space. Ross my eyeballs have dried up watching this space.
Comment by
JOHNMAYOMBE on Jun 05, 2013 1:44pm
I agree this management doesn't communicate a lot, should be better, this is the risk of the game.