LCL 8.33% 1.1¢ lcl resources limited

The Quantum Effect

  1. 78 Posts.
    I think the recent activity in Argentina has produced the Quantum effect on MMC giving us the recent boost, the deal values us at 7p for Los Calatos but we are in a better neighbourhood, we had a similar effect with Las Bambas and only highlights that these big copper deals are getting snapped up, we have all read the recent article's stating that copper will be in short supply in a couple of years and companies are now positioning themselves for this.

    I believe that the MNC is asking too much, hence the lack of a deal, I think the BOD expected this to really make them and are not impressed at a couple of mill each, so, this can only mean one thing, that we will be taken after the data room lock comes off, I would find it hard to believe that a big company that would be interested would wait for it too be so close, so for me the question is, does the data lock come off all at once or was it upon sign-up, and when does it come off.

    It would really benefit us if it was to come off clean at once, allowing all of the interested parties to take part in the fun instead of the early bird catches the worm.



    Funky
 
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