IKN

children of an idle brain

Mining PRs and the Ottotrans™, Part 84

We thank Lumina Copper (LCC.v) and its NR today for the opportunity to air the latest in our occasional series that tries to untangle the semantic mess found in junior mining news releases.

This is what they wrote
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 27, 2014) – Lumina Copper Corp. (TSX VENTURE:LCC) (the “Company” or “Lumina”) announced today, in response to trading activity that may stem from market rumours, that its strategic review process that was announced on June 15, 2012 remains ongoing. As part of that process, the Company has examined a number of alternatives including, but not limited to, joint ventures, strategic partnerships, mergers, acquisitions, and the sale of the Company or other corporate transactions to enhance shareholder value.
From time to time, this strategic process leads to third parties conducting due diligence on Lumina and Lumina entering into discussions with third parties regarding strategic alternatives. There can be no assurance that any such current discussions will ultimately lead to a transaction. As a general policy, Lumina does not publicly comment on strategic discussions unless and until its board of directors has approved a specific transaction or such disclosure is otherwise appropriate. The Company intends to make no further comment or release regarding current market rumours unless and until such comment is warranted.
LUMINA COPPER CORP.

And this is what it means:

A couple of guys with binoculars at the Lindero property saw a bunch of Chinese getting out of a 4X4 over the other side of the valley at Taca Taca. They made a phone call to Cal Everett and before you can say Vancouver Yeehaw, our market cap shoots up $100m. So can you please stop fucking around with our share price, people?

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.