This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

LAF - Lafayette Mining

Jump to new

Mofra

Joined
12 September 2004
Posts
1,714
Reactions
2
Howdy,

Have been following this one for a while - although the past few weeks have been relatively uneventful up until yesterday (Friday 27/05). A few large buys came in throughout the day to plow through the depth to push it up to 19.5c, with a 19c close. I expected some sort of after market announcement with this sort of unexpected movement & volume, however none was forthcoming.

Is anyone aware of any news reports or articles that may have stirred any interest? For the record, I hold however believe there is a fair bit of resistance at 20c.
 
Re: LAF

LAF are starting to produce....they had there first Gold poure and sales..are now supported by the Philipines Goverment and its ready to have production in Copper.silver, gold....one to watch..read there latest anouncements....I am holding stock....make your research
 
Re: LAF


Things have turned a little sour for LAF of late. Don't expect S/P movement for some time now. I took a little loss on this stock @ 22cents which turned out to be a good loss if theres such a thing!!
 
Re: LAF

brerwallabi said:
Prefer others in the Philipines, this has had some sour news, check out CMX on the forum.
www.aussiestockforums.com/forums/showthread.php?p=24568#post24568
Click to expand...
You dont seem to understand...LAF is not out to mine gold but copper, zinc, silver... Gold as well but its not as important as Silver or Copper....because of the quantity involved...LAF had some bad publicity of late but the Philipino Goverment will sort it out..they want the money...so lots of support by the Philipino Goverment..it will all sort it self out in due time...
 
Re: LAF

chicken said:
You dont seem to understand...LAF is not out to mine gold but copper, zinc, silver... Gold as well but its not as important as Silver or Copper...
Click to expand...

Chicken, yes I do understand, I do know a bit about LAF,what I am saying is if you want to make a play on Filipino miners right now CMX is going up and that is what I am on, LAF is going down and now down to 16.5 and traded most of the day @ 16 and then closed because of a paltry little trade of 3150 @ 16.5, I bet Johnno is glad he got out @ 22cents. Do you suggest Johnno should have held and see 30% of his capital disappear?????
 
Re: LAF

This will all blow over by Xmas and as they are switching from Gold to copper and silver and zinc.. the locals will all become happy again...and the SP will rise again......accidents do happen even in the best run company.....
 
Hi guys

With Zinc and Copper looking good to run as commodities, thought I'd raise this one back to life - more something to keep on the radar but also to warn the peeps on this forum.
I spent about 3 hours last night researching this so I thought I'd share the love given I'm riding a rocket thanks to the research of Young Trader.


I discovered LAF trawling for good entry stocks leveraged on metals and was amazed at the price vs the proven reserves the company is sitting on.
Was really bullish about this until I did a media scan for the market conditions of LAF.

LAF's major interest is found in the Phillipines and the mining operation is almost near production.
However a couple of accidents causing water pollution last year has ignited a massive anti-mining outcry lead by a small group of Catholic bishops.

At this point LAF is dead in the water unless they can convince the government to let them continue with mining. At this point I'd say it could go either way. Having read several Manillia news stories on LAF and the whole mining situation the whole thing looks seriously corrupt and dodgy - the government needs backing from the bishops to keep voters.

To their credit, LAF have recruited an ex-govt resources minister to get some local edge and of course use said minister's political connections.

Long story short:
If LAF manage to get back into production this stock will rocket.
Currently its trading way below its previous 2005 levels (before the whole environmental thing). If LAF got productive in today's market - which they could be in about 3 months after getting back their mining approval - they are easily worth 1.5x their 2005 high level.

Until then, its a seriously speculative shot...
Even if LAF do get productive, the political risk due to those crazy bishops means it could get stopped again...
 
lewstherin
I agree: It's got incredible potential to bust north once the "go ahead" is given.
Please call me when it jumps!
 
Outcome will be sooner rather than later.Do not lose faith .I heard it from a friend of a friend of mine.
 
Morning All.

Could be an interesting couple of days for Lafayette. DENR's actioning will have to take place soon. If the Phillipines Government are wanting to be pro mining and encourage foreign investment, then they are going to have to be pro LAF.

It will be woe or go. But at this stage all indications are LAF is in with a fighting chance.

Watch for the price to rocket if go ahead is given.

Rgds.
 
Yeah, if the sovereign risk is removed from the equation (ie the Phili govt goes green light), this stock is one of the most undervalued around.

But I really don't know whether I want to bet on the whims of Philipino politicians. I think they'll give a go-ahead - the stock will move up - but later the govt will change their minds...so if you gonna ride this one, have a tight stop-loss imo.
 
Re: trading halt. Could this be the announcement we have been waiting for? I feel it is and it will be positive news.
 
Good news if you hold some.

Shame that it has come at a time when the ASX and metals are getting a bollocking. It could however hold the market down initially tomorrow allowing people to jump on the potential wagon for a relatively cheap entry fee.

I have still got a small bundle and like snopig might make the most of upcoming buying opportunities.

Rgds
 
Up 17% today. A slight sign of life in what has been a dead (or dying) horse (or bear) in the last year.

It may well be a good time to come back into production with the rejuvenated copper and zinc markets.

This company is massively undervalued but somewhat risky. There are definitely big buyers today though. Saw one order of 1.5 mill that went through in the morning. Could well be some of the top 10 holders increasing their stake.

There may be a few more 17% jumps if production is all good in the next couple of months.

Happy trading.
 
OLE!OLE!OLE! About time line up boys and girls will be a nice collect.I hold
 
You must log in or register to reply here.

Similar threads

Crypto USDT - US Tether
Replies
2
Views
5K
Dona Ferentes
R
Insider trading by any other name...
Replies
0
Views
9K
reichstag911
R
R
The Financial Endgame
Replies
18
Views
9K
qldfrog
R
The American use of War Pretext Incidents
Replies
6
Views
10K
sptrawler
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...