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What's up with LC/LCB, MA, and PX?

ianb · 15 · 5390

ianb

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on: May 11, 2011, 11:02 AM
Trading halt


LEPANTO CONSOLIDATED MINING COMPANY ( LC OR THE CORPORATION )@ @LC, IN A LETTER RECEIVED BY THE EXCHANGE ON MAY 11, 2011 AT 9:19 A.M., STATED TH@AT: @ @ LEPANTO CONSOLIDATED MINING COMPANY INTENDS TO MAKE A MATERIAL DISCLOSURE WITHI@N THE NEXT TWO DAYS AND REQUESTS THAT TRADING OF ITS SHARES BE SUSPENDED IMMEDIA@TELY, TO BE RESUMED AFTER LEPANTO SHALL HAVE MADE THE DISCLOSURE. @@IN VIEW THEREOF, THE EXCHANGE WILL IMPLEMENT A TRADING SUSPENSION ON LC SECURITI@ES EFFECTIVE TODAY, MAY 11, 2011.@@A COPY OF THE CORPORATION S DISCLOSURE WILL BE UPLOADED SHORTLY.@@FOR THE INFORMATION AND GUIDANCE OF THE INVESTING PUBLIC.


Then followed the other ones.. PX and MA.

Is this good or bad? Does anyone know what is up?

Post Merge: May 11, 2011, 12:40 PM
Also been reading that its a PX-MA  deal.
« Last Edit: May 11, 2011, 12:40 PM by ianb »


novice

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Reply #1 on: May 11, 2011, 09:32 PM
i read in the newspaper that philex is trying to acquire the lepanto and manila mining if that happen sabi nila baba yung value..... could anyone help us in explaining since i am also a newbie


ervntps

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Reply #2 on: May 11, 2011, 09:55 PM
You're right it's about the PX-MA deal that will affect LC/LCB stocks since the Lepanto group have a stake in MA. As to what effect (good or bad) the deal will have we'll know once trading resumes. But reading other trading forums, most traders are still positive about LC with its gold mining operation.

Trader Gus Cosio commented in his blog:
"I think the disclosure is being made that PX has finalized the acquisition of MA’s Kalayaan mine; and because LC is the controlling shareholder of MA, the benefits flows back up to LC. In qualitative terms, the deal implies the deal flow going on between the LC and MA group with PX. This will further enliven LC because of its own mineral resources which outweighs everybody else in the mining sector. I maintain my view that LC will eventually return a multiple of its current price."

Some say trading might resume tomorrow, malas daw kasi pag sa friday (the 13th). So may bago na namang dramang aabangan sa PSE  :D (Bakit ba kasi napapadalas ang trading halt sa PSE, ganun din ba sa ibang bansa o onli in the pilipins?)


ianb

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Reply #3 on: May 12, 2011, 08:36 AM
Only in the Philippines as what i've read..

anyway perhaps MVP wants to close the deal before this (GFI - Gold Fields Limited - Gold Fields to Release Q1c2011 results on 19 May  ) happens. since LC/LCB is involved with gold production. perhaps the reason for the bullish outlooks.

Post Merge: May 12, 2011, 08:58 AM
Trading suspension lifted!

LEPANTO CONSOLIDATED MINING COMPANY ( LC OR THE COMPANY )
FURTHER TO CIRCULAR NO. 3524-2011 (DATED MAY 11, 2011), THE COMPANY SUBMITTED TO THE EXCHANGE A DISCLOSURE DATED MAY 11, 2011 WHICH STATED THAT:

 WE ARE PLEASED TO ADVISE THAT MANILA MINING CORPORATION ( MMC ), IN WHICH LEPAN@TO HOLDS A 20% INTEREST, HAS FINALIZED AN AGREEMENT WITH PHILEX MINING CORPORATI@ON FOR THE EXPLORATION AND JOINT DEVELOPMENT OF THE KALAYAAN PROJECT ( PROJECT )

 LOCATED IN PLACER, SURIGAO DEL NORTE. THE PROJECT IS COVERED BY EXPLORATION PERMIT NO. XIII-014B IN THE NAME OF KALAYAAN COPPER GOLD RESOURCES, INC. ( KALAYAAN ), A 100%-OWNED SUBSIDIARY OF MMC.

PURSUANT TO THEIR AGREEMENT:

1. MMC SOLD TO PHILEX FOR US$25 MILLION A TOTAL OF 125,000 SHARES OF STOCK OF KALAYAAN, REPRESENTING A 5% INTEREST IN KALAYAAN.

2. PHILEX SHALL EARN A FURTHER 55% INTEREST IN KALAYAAN, FOR A TOTAL OF 60%, BY SOLE-FUNDING ALL PRE-DEVELOPMENT EXPENSES INCLUDING A BANKABLE FEASIBILITY STUDY FOR THE PROJECT AND THE DEVELOPMENT OF THE PROJECT JOINTLY WITH MMC.

MOREOVER, IN A LETTER-REQUEST OF EVEN DATE, THE COMPANY STATED THAT:

 FOLLOWING THE DISCLOSURE THAT WE MADE TODAY, WE REQUEST THAT THE TRADING OF THE@ SHARES OF LEPANTO CONSOLIDATED MINING COMPANY BE RESUMED TOMORROW IN COMPLIANCE@ WITH THE APPLICABLE PSE RULES. IN ORDER TO GIVE THE INVESTING PUBLIC SUFFICIENT TIME TO DIGEST THE MATERIAL INF@ORMATION DISCLOSED BY THE COMPANY, PLEASE BE ADVISED THAT THE TRADING SUSPENSION@ ON THE COMPANY’S SHARES SHALL BE LIFTED AT 10:00 A.M. TODAY, MAY 12, 2011.
« Last Edit: May 12, 2011, 09:50 AM by ianb »


FutureGizmo

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Reply #4 on: May 12, 2011, 09:09 AM
Ayusin ko lang yung announcement sa taas para mas madaling basahin:

We are pleased to advise that Manila Mining Corporation (“MMC”), in which Lepanto holds a 20% interest, has finalized an agreement with Philex Mining Corporation for the exploration and joint development of the Kalayaan Project (“Project”) located in Placer, Surigao del Norte. The Project is covered by Exploration Permit No. XIII-014B in the name of Kalayaan Copper Gold Resources, Inc. (“Kalayaan”), a 100%-owned subsidiary of MMC. Pursuant to their agreement:

1. MMC sold to Philex for US$25 million a total of 125,000 shares of stock of Kalayaan, representing a 5% interest in Kalayaan.

2. Philex shall earn a further 55% interest in Kalayaan, for a total of 60%, by sole-funding all pre-development expenses including a bankable feasibility study for the Project and the development of the Project jointly with MMC.

=============

From the PSE:

In order to give the investing public sufficient time to digest the material information disclosed by the Company, please be advised that the trading suspension on the Company’s shares shall be lifted at 10:00 a.m. today, May 12, 2011.


ianb

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Reply #5 on: May 12, 2011, 09:46 AM
hehe .. sorry about that admin. =) got a bit excited


FutureGizmo

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Reply #6 on: May 12, 2011, 09:56 AM
Excited na kong makita kung ano ang impact nitong disclosure na to sa prices ng Lepanto, Philex at Manila Mining. 5 minutes to go before resumption of trading hehe...

Post Merge: May 12, 2011, 12:50 PM
Closing prices today:

LC - 0.88 (up 7.32% from yesterday)
PX - 19.72 (up 6.48% from yesterday)
MA - 0.05 (up 6.38% from yesterday)
« Last Edit: May 12, 2011, 12:50 PM by FutureGizmo »


offside

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Reply #7 on: May 12, 2011, 05:48 PM
what was the suspension for?


FutureGizmo

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Reply #8 on: May 12, 2011, 07:00 PM
@offside, the three companies requested for a voluntary trading suspension yesterday while preparing to announce the joint venture project between Manila Mining and PX. Honestly, looking back, I don't know why they needed to halt trading. Probably they wanted to generate more interest in the three stocks. It's working, though.

Read more: Lepanto, Philex, Manila Mining shares resume trading


plseller

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Reply #9 on: May 15, 2011, 03:42 AM
Commodities are currently experiencing a correction, silver has lost most of its gains this year and oil below $100.  Something to think about before investing in miners.


dinaren

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Reply #10 on: May 15, 2011, 06:39 AM
Ive been studying the mining sector for quite a while now and im inspired by the ascent of PX itself from the early P1/sh in the early 2000's up to P19+/sh today. Now they are leading the mining sector and are slowly placing some stakes in LC and MA. Not to mention pa the entry of Gold Fields before that.  Lots of speculations!  :hihi:  pero kung titingnan natin ng mas malalim, may basehan lahat ng galaw and not just mere speculations per se.  

With this in mind with full assessment of its risk and reward, im willing to park 50% of my portfolio in these mining stocks (LC/LCB/MA) when all these noise/hype settles down or by cost averaging and buying the dips, and let it park there for 5-7years. And when it does a PX-like ascent, pwedeng pwede na pang retire, may sobra pa.  :applause:
« Last Edit: May 15, 2011, 06:50 AM by dinaren »


ianb

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Reply #11 on: May 22, 2011, 12:04 AM
Anything new regarding this mining companies? How will this affect these firms.

http://www.goldfields.co.za/reports/f_2011/q2_f2011/com_exploration.php

http://guscosio.com/wordpress/?p=148


Rothschild

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Reply #12 on: Jun 07, 2011, 08:29 PM
Interested kasi si MVP sa property ng Manila Mining na majority owned ng LC... Problema lang ay magte test drilling p lang sila sa Kalayaan Property ng Manila Mining at di pa sigurado kung me deposit nga ng ginto or wala... PX ang sasagot ng lahat ng gastos sa drilling...


mackygoof

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Reply #13 on: Jun 07, 2011, 09:14 PM
There's a new disclosure of LC on pse website:
http://www.pse.com.ph/html/disclosure/pdf/2011/pdf/dc2011-4348_LC.pdf

Any impact on LC price?


pmtmember

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Reply #14 on: May 04, 2014, 05:20 PM
PX is showing some bullishness as it move up by 6.3% from previous week. The White Marubozu candlestick could be the start of a new rally for PX whose resistance lies at 10.62 or 23.6% Fibonacci Retracement level. The Senkou Span B (flat top Kumo) is quite interesting. Remember that flat Kumo has a strong magnetic force to attract the price. It is promising but for now let us focus on our next resistance.

RSI or Relative Strength Index is at 63.9

Caveat!

PX heading for the next resistance



 


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