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Latitude Resources (formerly Latin American Copper on OFEX)

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thecynical1 - Thu, 14 Dec 06 :

loiner....where are you getting those numbers ? the price in the US is about 2 dollars at the moment.....they have 5 million shares and a millions options at a dollar as far as I know....this would put a value of about 11 million US on the holding...this is not 8 million quid ??? is it ? have I screwed up the exchange rate ? having said that...add the value of the holding as of today to the Australian punt, the cash ( this I would guess is somewhat more than you assume !!! ) in the bank and the value of a listing and you still end up with a company where the Chilean "assets" are basically free.....what are we all missing ? I am sitting on a very large number of these guys at this stage.....on the assumption that the market will twig to these at some point...I wonder if Resourceworks are picking up any more of the shares...at these pricess you would think they may well be..unless of course they are prohibited from doing so because news is in the pipeline....do we actually have a fixed date by which we are expecting news ? any thoughts anyone ?


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