Quote  |  Bullboard  |  News  |  Opinion  |  Level II  |  Charts  |  Profile  |  Financials  |  Options  |  Price History

Lumina Copper Corp V.LCC

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s): LCPRF

Lumina Copper Corporation together with its subsidiaries acquires and explores mineral properties. It holds 100% property in Taca Taca located in the Puna region of north western Argentina with projects of copper, gold and molybdenum.
Price: $5.02 | Change: $-0.05 | % Change: -0.99%
Volume: 23,828 | Day High/Low: 5.08/4.82 | 52 Week High/Low: 8.39/3.86
Lumina Copper Corp > Argentina
View modes: 

Argentina

- |
User avatar
2 stars
June 15, 2013 05:24 am

So,so ... is the SP-drop related to the econmic situation in Argentina and Argentina's government behaviour towards the mining sector ? And has it nothing to do with LCC as such ?

http://www.miningweekly.com/article/the-big-money-bails-on-argentina---again-2013-06-13

Glta,

be_watch

 

 

Rate this post
0 stars
v
Usefulness

Clarity

Credibility

RE: Argentina

- |
User avatar
2.5 stars
June 15, 2013 11:37 am

No insider buys at these levels are frightening. You would think Ross would be contacting the institutions and picking up their shares. 

Rate this post
0 stars
v
Usefulness

Clarity

Credibility

RE: RE: Argentina

- |
User avatar
4.5 stars
June 15, 2013 11:56 am

Fact is you won't find a single company that is risking to invest in any company on Argentinian soil right now as long as the political climat in this country takes another turn. Add this together with a lousy commodities market and you know why this stock is plummeting. LCC Will eventually start heading north again but we first need to see some changes. Fundamentals still strong for LCC. Patience is the keyword here. JMHO

Rate this post
0 stars
v
Usefulness

Clarity

Credibility

RE: RE: RE: Argentina

- |
User avatar
2.5 stars
June 16, 2013 02:23 am

I think what you are seeing is the Bolivia wildcart factor. She may wake up tomorrow and take everything. 

Rate this post
0 stars
v
Usefulness

Clarity

Credibility

RE: RE: RE: RE: Argentina

- |
User avatar
2 stars
June 16, 2013 01:59 pm

Have we seen moves in other companies that own mines in Argentina this past week?  If so, what companies.  This move is just clearly a fund liquidating its postiion.  Hope the situation in Argentina works itself out, but I have a feeling it may take awhile, like a year

Rate this post
0 stars
v
Usefulness

Clarity

Credibility

RE: RE: RE: Argentina

- |
User avatar
2.5 stars
June 17, 2013 01:47 pm

fact is also that you actually need to concider that a possible buyer wil only be able to start deploying the mine within a couple of years. So, commodities are low now + the political situation is bad in Argentina at the moment but that alone will not determine the price. Prices of copper (and other metals) will go up as the economie improves (slowly but it improves) and the current goverment of Argentina cannot continue to treat the private sector as it is now. A possible buyer knows this.

Rate this post
0 stars
v
Usefulness

Clarity

Credibility